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

Home Bancorp, Inc. (NASDAQ:HBCP) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $63.00.

A number of analysts have recently weighed in on HBCP shares. Hovde Group raised their price target on shares of Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Finally, Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th.

Home Bancorp Trading Down 1.2%

NASDAQ HBCP opened at $63.90 on Tuesday. Home Bancorp has a one year low of $42.87 and a one year high of $65.94. The company has a market capitalization of $500.98 million, a price-to-earnings ratio of 10.89 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.97 and a current ratio of 0.97. The company’s 50-day simple moving average is $61.03 and its two-hundred day simple moving average is $58.50.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, April 20th. The bank reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. The business had revenue of $38.22 million for the quarter, compared to analysts’ expectations of $33.63 million. During the same period last year, the business earned $1.37 EPS. Equities analysts forecast that Home Bancorp will post 5.87 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Monday, May 4th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, May 4th. Home Bancorp’s dividend payout ratio (DPR) is currently 21.12%.

Insider Buying and Selling at Home Bancorp

In related news, Director Chris P. Rader acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $59.50 per share, with a total value of $29,750.00. Following the transaction, the director directly owned 17,714 shares of the company’s stock, valued at $1,053,983. This trade represents a 2.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 6.20% of the company’s stock.

Hedge Funds Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Home Bancorp by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 375,209 shares of the bank’s stock valued at $20,383,000 after purchasing an additional 3,760 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in shares of Home Bancorp by 64.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock valued at $6,468,000 after purchasing an additional 46,546 shares during the last quarter. Hillsdale Investment Management Inc. raised its position in shares of Home Bancorp by 2.0% in the 4th quarter. Hillsdale Investment Management Inc. now owns 110,496 shares of the bank’s stock valued at $6,387,000 after purchasing an additional 2,182 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Home Bancorp by 0.4% in the 4th quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock valued at $6,144,000 after purchasing an additional 382 shares during the last quarter. Finally, AQR Capital Management LLC raised its position in shares of Home Bancorp by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 103,243 shares of the bank’s stock valued at $5,967,000 after purchasing an additional 30,224 shares during the last quarter. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

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.