Home Bancorp (NASDAQ:HBCP) Given “Buy (B)” Rating at Weiss Ratings

Home Bancorp (NASDAQ:HBCP)‘s stock had its “buy (b)” rating reissued by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued research reports about the company. Raymond James Financial lifted their target price on Home Bancorp from $52.00 to $62.00 and gave the company an “outperform” rating in a research report on Wednesday, July 23rd. Zacks Research cut Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 21st. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.50.

Home Bancorp Stock Up 0.0%

Shares of NASDAQ HBCP opened at $54.45 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The company has a 50-day moving average price of $54.44 and a 200-day moving average price of $51.47. The stock has a market capitalization of $426.07 million, a P/E ratio of 10.45 and a beta of 0.62. Home Bancorp has a 1 year low of $39.59 and a 1 year high of $61.07.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, July 21st. The bank reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. The business had revenue of $37.07 million for the quarter, compared to analysts’ expectations of $32.07 million. Home Bancorp had a net margin of 20.09% and a return on equity of 10.34%. On average, equities research analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Home Bancorp

A number of hedge funds have recently made changes to their positions in HBCP. Summit Financial Wealth Advisors LLC grew its position in Home Bancorp by 1.5% during the second quarter. Summit Financial Wealth Advisors LLC now owns 21,933 shares of the bank’s stock valued at $1,136,000 after buying an additional 319 shares during the period. Squarepoint Ops LLC purchased a new position in Home Bancorp in the second quarter valued at about $806,000. Tower Research Capital LLC TRC grew its position in shares of Home Bancorp by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after acquiring an additional 769 shares during the period. Engineers Gate Manager LP bought a new position in shares of Home Bancorp during the 2nd quarter valued at approximately $347,000. Finally, Bridgeway Capital Management LLC increased its stake in shares of Home Bancorp by 5.0% during the 2nd quarter. Bridgeway Capital Management LLC now owns 67,432 shares of the bank’s stock worth $3,492,000 after purchasing an additional 3,189 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.

About Home Bancorp

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.