Home Bancorp (NASDAQ:HBCP) Now Covered by Piper Sandler

Piper Sandler began coverage on shares of Home Bancorp (NASDAQ:HBCP - Free Report) in a research note issued to investors on Friday morning, Marketbeat Ratings reports. The firm issued an overweight rating and a $60.00 price objective on the bank's stock.

A number of other brokerages also recently commented on HBCP. StockNews.com upgraded shares of Home Bancorp from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. Hovde Group downgraded 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.

Home Bancorp Trading Up 0.2 %

Shares of HBCP stock traded up $0.08 on Friday, reaching $47.50. 23,748 shares of the company's stock were exchanged, compared to its average volume of 22,618. The company's fifty day simple moving average is $47.58 and its 200 day simple moving average is $46.22. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.77. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $383.61 million, a PE ratio of 10.44 and a beta of 0.71.

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Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share 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 prior year, the business earned $1.17 earnings per share. As a group, analysts forecast that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, February 10th. This is an increase from Home Bancorp's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.27%. Home Bancorp's dividend payout ratio (DPR) is currently 23.74%.

Hedge Funds Weigh In On Home Bancorp

A number of large investors have recently bought and sold shares of HBCP. Picton Mahoney Asset Management increased its holdings in shares of Home Bancorp by 100.7% in the 4th 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 period. Two Sigma Advisers LP boosted its position in Home Bancorp by 3.6% during the fourth quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank's stock valued at $402,000 after purchasing an additional 300 shares in the last quarter. Martingale Asset Management L P grew its stake 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 purchasing an additional 400 shares during the last quarter. Nuveen Asset Management LLC raised 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 worth $840,000 after purchasing an additional 418 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Home Bancorp by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock valued at $144,000 after buying an additional 668 shares during the last quarter. Institutional investors 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.