Home Bancorp (NASDAQ:HBCP) Upgraded to Outperform by Raymond James

Raymond James upgraded shares of Home Bancorp (NASDAQ:HBCP - Free Report) from a market perform rating to an outperform rating in a research note released on Monday, MarketBeat Ratings reports. The brokerage currently has $50.00 target price on the bank's stock.

Separately, Hovde Group upped their price target on Home Bancorp from $45.00 to $48.50 and gave the company an "outperform" rating in a report on Friday, July 19th.

Home Bancorp Stock Up 1.5 %

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

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be issued a $0.26 dividend. This is an increase from Home Bancorp's previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend is Monday, October 28th. Home Bancorp's dividend payout ratio is presently 21.94%.

Institutional Investors Weigh In On Home Bancorp

Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Home Bancorp in the third quarter valued at approximately $110,000. BNP Paribas Financial Markets lifted its holdings in shares of Home Bancorp by 531.8% during the first quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank's stock worth $471,000 after purchasing an additional 10,344 shares during the period. Kennedy Capital Management LLC lifted its holdings in shares of Home Bancorp by 29.3% during the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank's stock worth $875,000 after purchasing an additional 5,177 shares during the period. Empowered Funds LLC lifted its holdings in shares of Home Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank's stock worth $1,016,000 after purchasing an additional 1,925 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings 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 during the period. 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.