Home Bancorp (NASDAQ:HBCP) Raised 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 report report published on Wednesday.

HBCP has been the topic of several other research reports. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. Piper Sandler initiated coverage on Home Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $60.00 price objective on the stock.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $45.50 on Wednesday. The business’s fifty day moving average price is $47.59 and its two-hundred day moving average price is $46.49. The stock has a market cap of $367.46 million, a PE ratio of 10.00 and a beta of 0.71. 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 has a one year low of $33.30 and a one year high of $52.77.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the previous year, the business earned $1.17 EPS. On average, analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were issued a $0.27 dividend. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a yield of 2.37%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. Home Bancorp’s dividend payout ratio (DPR) is presently 23.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management boosted its holdings in Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Two Sigma Advisers LP boosted its holdings in Home Bancorp by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank’s stock valued at $402,000 after acquiring an additional 300 shares during the last quarter. Martingale Asset Management L P boosted its holdings in Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after acquiring an additional 400 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Home Bancorp by 2.4% in the fourth quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank’s stock valued at $840,000 after acquiring an additional 418 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after acquiring an additional 668 shares during the last quarter. Institutional investors and hedge funds own 49.41% of the company’s stock.

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.