Hovde Group Raises Home Bancorp (NASDAQ:HBCP) Price Target to $53.00

Home Bancorp (NASDAQ:HBCP - Get Free Report) had its target price increased by investment analysts at Hovde Group from $48.50 to $53.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm currently has an "outperform" rating on the bank's stock. Hovde Group's price target indicates a potential upside of 16.25% from the stock's current price.

Separately, Raymond James raised Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 target price on the stock in a research note on Monday.

Home Bancorp Stock Performance

Home Bancorp stock traded up $0.69 during midday trading on Monday, reaching $45.59. The stock had a trading volume of 109,970 shares, compared to its average volume of 14,331. The firm's 50-day moving average price is $42.83 and its 200 day moving average price is $39.79. The firm has a market capitalization of $370.56 million, a PE ratio of 9.62 and a beta of 0.69. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. Home Bancorp has a 12 month low of $33.00 and a 12 month high of $48.96.

Hedge Funds Weigh In On Home Bancorp

Several hedge funds have recently made changes to their positions in HBCP. Empowered Funds LLC grew its stake in Home Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 26,509 shares of the bank's stock valued at $1,016,000 after acquiring an additional 1,925 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Home Bancorp in the third quarter worth approximately $110,000. Bank of New York Mellon Corp increased its position in shares of Home Bancorp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank's stock worth $1,438,000 after purchasing an additional 2,672 shares in the last quarter. Vanguard Group Inc. raised its stake in Home Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 365,043 shares of the bank's stock valued at $13,985,000 after purchasing an additional 3,414 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in Home Bancorp by 29.3% in the 1st quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank's stock valued at $875,000 after purchasing an additional 5,177 shares in the last quarter. 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.