Home Bancorp (NASDAQ:HBCP) Stock Price Expected to Rise, Hovde Group Analyst Says

Home Bancorp (NASDAQ:HBCP) had its target price hoisted by stock analysts at Hovde Group from $61.00 to $62.00 in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage currently has a “market perform” rating on the bank’s stock. Hovde Group’s price target suggests a potential upside of 3.87% from the company’s current price.

A number of other equities analysts have also commented on HBCP. Zacks Research lowered shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.00.

Home Bancorp Stock Performance

NASDAQ:HBCP opened at $59.69 on Thursday. The stock has a 50 day simple moving average of $58.94 and a 200 day simple moving average of $55.94. The stock has a market cap of $467.37 million, a P/E ratio of 10.17 and a beta of 0.60. Home Bancorp has a 1-year low of $39.59 and a 1-year high of $64.17. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%.The firm had revenue of $37.26 million for the quarter, compared to analysts’ expectations of $33.73 million. Research analysts anticipate that Home Bancorp will post 4.78 earnings per share for the current year.

Hedge Funds Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Home Bancorp in the second quarter valued at about $46,000. Tower Research Capital LLC TRC lifted its holdings in shares of Home Bancorp by 116.3% in the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after acquiring an additional 769 shares during the last quarter. CWM LLC boosted its stake 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 in the last quarter. Canton Hathaway LLC acquired a new stake in shares of Home Bancorp in the 3rd quarter valued at approximately $118,000. Finally, Exencial Wealth Advisors LLC bought a new stake in shares of Home Bancorp during the 2nd quarter valued at approximately $212,000. Institutional investors own 49.41% of the company’s stock.

About Home Bancorp

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.