Home Bancorp (NASDAQ:HBCP) Rating Lowered to Neutral at Piper Sandler

Home Bancorp (NASDAQ:HBCP) was downgraded by investment analysts at Piper Sandler from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday, Marketbeat reports. They presently have a $69.00 price objective on the bank’s stock. Piper Sandler’s price target suggests a potential upside of 9.51% from the company’s previous close.

Several other brokerages have also recently issued reports on HBCP. Hovde Group lifted their target price on shares of Home Bancorp from $62.00 to $65.50 and gave the stock a “market perform” rating in a report on Wednesday. Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $65.50.

Home Bancorp Stock Down 1.4%

Shares of Home Bancorp stock opened at $63.01 on Wednesday. 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 stock has a market capitalization of $493.87 million, a PE ratio of 10.59 and a beta of 0.53. Home Bancorp has a 52-week low of $43.80 and a 52-week high of $65.94. The company has a 50-day simple moving average of $61.06 and a two-hundred day simple moving average of $58.56.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, April 20th. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. The business had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. Home Bancorp had a net margin of 22.18% and a return on equity of 11.00%. During the same period in the previous year, the company earned $1.37 earnings per share. On average, analysts anticipate that Home Bancorp will post 5.87 EPS for the current fiscal year.

Insider Activity at Home Bancorp

In related news, Director Chris P. Rader purchased 500 shares of Home Bancorp stock in a transaction dated Thursday, February 19th. The stock was purchased at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the completion of the purchase, the director directly owned 17,714 shares of the company’s stock, valued at $1,053,983. The trade was a 2.90% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.20% of the stock is owned by corporate insiders.

Institutional Trading of Home Bancorp

A number of large investors have recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Home Bancorp by 22.6% in the fourth quarter. Invesco Ltd. now owns 8,606 shares of the bank’s stock worth $497,000 after acquiring an additional 1,588 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Home Bancorp in the fourth quarter worth approximately $208,000. NewEdge Advisors LLC grew its stake in shares of Home Bancorp by 0.4% in the fourth quarter. NewEdge Advisors LLC now owns 106,303 shares of the bank’s stock worth $6,144,000 after acquiring an additional 382 shares during the period. Empowered Funds LLC grew its stake in shares of Home Bancorp by 10.5% in the fourth quarter. Empowered Funds LLC now owns 45,990 shares of the bank’s stock worth $2,658,000 after acquiring an additional 4,375 shares during the period. Finally, Occudo Quantitative Strategies LP bought a new stake in shares of Home Bancorp in the fourth quarter worth approximately $202,000. 49.41% of the stock is currently owned by 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.