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

Home Bancorp (NASDAQ:HBCP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Several other research firms have also commented on HBCP. Hovde Group lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Monday, October 21st.

Home Bancorp Price Performance

NASDAQ:HBCP opened at $43.09 on Tuesday. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39. The firm has a market cap of $347.99 million, a price-to-earnings ratio of 9.55 and a beta of 0.71. The firm’s 50-day simple moving average is $48.13 and its 200 day simple moving average is $44.59. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96.

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

Institutional Investors Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently made changes to their positions in HBCP. Bank of New York Mellon Corp grew its holdings in shares of Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after purchasing an additional 2,672 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Home Bancorp by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after purchasing an additional 8,219 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Home Bancorp by 120.9% during the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after purchasing an additional 76,812 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Home Bancorp during the 3rd quarter valued at approximately $110,000. Finally, Montz Harcus Wealth Management LLC bought a new stake in shares of Home Bancorp during the 3rd quarter valued at approximately $1,598,000. 49.41% of the stock is owned by institutional investors.

Home Bancorp Company Profile

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.