Home Bancorp, Inc. (NASDAQ:HBCP) Receives $59.50 Average PT from Brokerages

Home Bancorp, Inc. (NASDAQ:HBCP) has received a consensus recommendation of “Buy” from the five research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $59.50.

A number of research analysts have weighed in on HBCP shares. Zacks Research upgraded shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 24th. Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a report on Thursday, November 20th.

Home Bancorp Price Performance

HBCP stock opened at $55.76 on Friday. The company has a market capitalization of $436.49 million, a PE ratio of 9.92 and a beta of 0.63. The company’s fifty day moving average price is $54.20 and its 200-day moving average price is $53.45. The company has a debt-to-equity ratio of 0.17, 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 $61.07.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, October 20th. The bank reported $1.59 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.22. The company had revenue of $37.84 million during the quarter, compared to analyst estimates of $33.33 million. Home Bancorp had a return on equity of 11.01% and a net margin of 21.32%.During the same period in the prior year, the company earned $1.18 earnings per share. On average, equities analysts anticipate that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were issued a $0.31 dividend. The ex-dividend date was Monday, November 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.2%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.29. Home Bancorp’s dividend payout ratio (DPR) is 22.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jacobs Levy Equity Management Inc. increased its holdings in shares of Home Bancorp by 10.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 8,936 shares of the bank’s stock valued at $485,000 after acquiring an additional 841 shares in the last quarter. Polymer Capital Management US LLC purchased a new position in Home Bancorp in the 3rd quarter worth $312,000. Qube Research & Technologies Ltd lifted its position in Home Bancorp by 20.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 40,179 shares of the bank’s stock worth $2,183,000 after acquiring an additional 6,873 shares during the period. Elevation Point Wealth Partners LLC purchased a new stake in Home Bancorp during the 3rd quarter valued at about $932,000. Finally, Bank of America Corp DE grew its stake in Home Bancorp by 31.9% during the 3rd quarter. Bank of America Corp DE now owns 6,477 shares of the bank’s stock valued at $352,000 after purchasing an additional 1,568 shares during the last quarter. 49.41% of the stock is currently owned by hedge funds and other 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.