Home Bancorp (NASDAQ:HBCP) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP - Free Report) from a hold rating to a buy rating in a report released on Wednesday.

A number of other equities analysts have also recently issued reports on HBCP. Piper Sandler began coverage on Home Bancorp in a report on Friday, February 21st. They issued an "overweight" rating and a $60.00 target price for the company. Hovde Group lowered Home Bancorp from an "outperform" rating to a "market perform" rating and increased their price objective for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th.

Home Bancorp Stock Performance

Home Bancorp stock traded up $0.15 on Wednesday, hitting $45.35. The company's stock had a trading volume of 18,553 shares, compared to its average volume of 22,642. Home Bancorp has a one year low of $33.30 and a one year high of $52.77. The firm has a market cap of $366.25 million, a P/E ratio of 9.97 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average price of $47.54 and a 200-day moving average price of $46.51.

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Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period in the previous year, the company earned $1.17 EPS. On average, equities analysts anticipate that Home Bancorp will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.27 dividend. This is an increase from Home Bancorp's previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp's payout ratio is presently 23.74%.

Institutional Investors Weigh In On Home Bancorp

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Picton Mahoney Asset Management grew its holdings in shares of Home Bancorp by 100.7% during the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock worth $27,000 after purchasing an additional 296 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Home Bancorp by 247.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank's stock worth $61,000 after acquiring an additional 942 shares during the last quarter. BNP Paribas Financial Markets increased its position in Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank's stock valued at $106,000 after acquiring an additional 1,009 shares in the last quarter. SG Americas Securities LLC increased its position in Home Bancorp by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock valued at $144,000 after acquiring an additional 668 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Home Bancorp in the fourth quarter worth about $180,000. 49.41% of the stock is owned by institutional investors and hedge funds.

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.