Home Bancorp, Inc. (NASDAQ:HBCP) Receives Average Rating of “Moderate Buy” from Brokerages

by · The Markets Daily

Shares of Home Bancorp, Inc. (NASDAQ:HBCP – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $59.50.

HBCP has been the topic of a number of recent analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a research note on Monday. Zacks Research downgraded Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday.

Get Our Latest Stock Analysis on Home Bancorp

Institutional Trading of Home Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. bought a new position in shares of Home Bancorp in the second quarter valued at $46,000. Tower Research Capital LLC TRC lifted its holdings in shares of Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares during the last quarter. CWM LLC boosted its position in shares of Home Bancorp by 31.1% in the 2nd quarter. CWM LLC now owns 1,713 shares of the bank’s stock valued at $89,000 after purchasing an additional 406 shares during the period. Canton Hathaway LLC acquired a new position in shares of Home Bancorp in the 3rd quarter valued at $118,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in Home Bancorp in the 2nd quarter worth about $207,000. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Stock Down 0.4%

Home Bancorp stock opened at $59.48 on Wednesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97. Home Bancorp has a one year low of $39.59 and a one year high of $62.15. The company has a 50-day simple moving average of $55.70 and a 200-day simple moving average of $54.56. The firm has a market capitalization of $465.73 million, a P/E ratio of 10.58 and a beta of 0.59.

Home Bancorp (NASDAQ:HBCP – Get Free Report) last released its quarterly earnings results on Monday, October 20th. The bank reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.22. Home Bancorp had a return on equity of 10.87% and a net margin of 21.32%.The company had revenue of $37.84 million for the quarter, compared to analysts’ expectations of $33.33 million. During the same quarter in the previous year, the company posted $1.18 earnings per share. As a group, equities analysts expect that Home Bancorp will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Monday, November 3rd were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend was Monday, November 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.29. Home Bancorp’s dividend payout ratio is currently 22.06%.

Home Bancorp Company Profile

(Get Free Report)

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.

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