Home Bancorp (NASDAQ:HBCP – Get Rating) had its price target hoisted by Piper Sandler to $51.00 in a report released on Thursday, Stock Target Advisor reports.
HBCP has been the topic of several other research reports. Hovde Group started coverage on Home Bancorp in a research report on Friday, July 8th. They set an outperform rating and a $46.00 price objective on the stock. StockNews.com upgraded Home Bancorp from a hold rating to a buy rating in a research report on Wednesday, September 21st. Finally, DA Davidson upgraded Home Bancorp from a neutral rating to a buy rating and set a $44.50 price target on the stock in a research report on Wednesday, June 1st. They noted that the move was a valuation call.
Get Home Bancorp alerts:Home Bancorp Trading Down 0.4 %
Shares of Home Bancorp stock opened at $39.03 on Thursday. The business has a fifty day simple moving average of $39.24 and a two-hundred day simple moving average of $37.74. Home Bancorp has a 1 year low of $33.16 and a 1 year high of $45.73. The company has a market capitalization of $325.78 million, a price-to-earnings ratio of 8.52 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.92 and a quick ratio of 0.92.
Home Bancorp (NASDAQ:HBCP – Get Rating) last posted its quarterly earnings data on Tuesday, July 26th. The bank reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.16. The firm had revenue of $32.93 million for the quarter, compared to analysts' expectations of $31.75 million. Home Bancorp had a return on equity of 12.62% and a net margin of 30.46%. Research analysts forecast that Home Bancorp will post 4.39 EPS for the current year.Home Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Monday, August 8th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, August 5th. Home Bancorp's payout ratio is currently 20.09%.
Insider Buying and Selling
In other Home Bancorp news, Director Chris P. Rader acquired 1,000 shares of Home Bancorp stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average cost of $40.20 per share, with a total value of $40,200.00. Following the completion of the purchase, the director now directly owns 14,109 shares of the company's stock, valued at approximately $567,181.80. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.00% of the stock is owned by company insiders.
Institutional Trading of Home Bancorp
Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in Home Bancorp by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 321,890 shares of the bank's stock valued at $13,130,000 after buying an additional 13,421 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Home Bancorp by 4.9% in the first quarter. Renaissance Technologies LLC now owns 153,473 shares of the bank's stock valued at $6,260,000 after buying an additional 7,100 shares in the last quarter. State Street Corp boosted its stake in Home Bancorp by 6.3% in the first quarter. State Street Corp now owns 153,411 shares of the bank's stock valued at $6,258,000 after buying an additional 9,049 shares in the last quarter. Maltese Capital Management LLC boosted its stake in shares of Home Bancorp by 10.2% during the second quarter. Maltese Capital Management LLC now owns 95,753 shares of the bank's stock valued at $3,268,000 after purchasing an additional 8,880 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Home Bancorp by 61.2% during the second quarter. Goldman Sachs Group Inc. now owns 67,151 shares of the bank's stock valued at $2,292,000 after purchasing an additional 25,482 shares in the last quarter. 39.46% of the stock is owned by institutional investors and hedge funds.
Home Bancorp Company Profile
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Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.
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