Home Bancorp (NASDAQ:HBCP) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a buy rating in a research note published on Friday morning.

Several other equities research analysts also recently weighed in on the company. Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, October 21st.

Home Bancorp Price Performance

HBCP stock opened at $46.29 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $373.84 million, a PE ratio of 10.26 and a beta of 0.71. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.39. The business’s fifty day moving average price is $48.55 and its 200 day moving average price is $44.24.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. The company had revenue of $34.07 million for the quarter, compared to the consensus estimate of $33.10 million. On average, sell-side analysts anticipate that Home Bancorp will post 4.48 EPS for the current year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.26 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio is currently 23.06%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of Home Bancorp by 136.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock worth $654,000 after acquiring an additional 8,459 shares in the last quarter. Barclays PLC boosted its position in shares of Home Bancorp by 287.9% in the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after purchasing an additional 6,785 shares during the period. Geode Capital Management LLC boosted its position in shares of Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after purchasing an additional 1,874 shares during the period. State Street Corp boosted its position in shares of Home Bancorp by 1.5% in the 3rd quarter. State Street Corp now owns 156,752 shares of the bank’s stock valued at $6,988,000 after purchasing an additional 2,269 shares during the period. Finally, Martingale Asset Management L P boosted its position in shares of Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after purchasing an additional 400 shares during the period. 49.41% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.