Home Bancorp’s (HBCP) “Buy (B-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their buy (b-) rating on shares of Home Bancorp (NASDAQ:HBCP) in a research report sent to investors on Friday morning,Weiss Ratings reports.

A number of other equities analysts have also recently issued reports on HBCP. Zacks Research upgraded shares of Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 24th. Raymond James Financial upped their price target on shares of Home Bancorp from $52.00 to $62.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $59.50.

Home Bancorp Stock Performance

Shares of Home Bancorp stock opened at $53.15 on Friday. The stock has a market cap of $415.90 million, a price-to-earnings ratio of 9.46 and a beta of 0.62. The firm’s 50-day moving average is $54.89 and its 200 day moving average is $52.81. Home Bancorp has a 1 year low of $39.59 and a 1 year high of $61.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Thursday, October 16th. The bank reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.22. The company had revenue of $37.84 million for the quarter, compared to analysts’ expectations of $33.33 million. Home Bancorp had a net margin of 21.32% and a return on equity of 11.01%. During the same quarter in the previous year, the business posted $1.18 EPS. Sell-side analysts anticipate that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Monday, November 3rd will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, November 3rd. This represents a $1.24 annualized dividend and a yield of 2.3%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.29. Home Bancorp’s dividend payout ratio (DPR) is currently 22.06%.

Hedge Funds Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacific Ridge Capital Partners LLC lifted its stake in Home Bancorp by 18.9% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 86,784 shares of the bank’s stock valued at $3,888,000 after acquiring an additional 13,822 shares during the period. Nuveen LLC purchased a new stake in shares of Home Bancorp during the 1st quarter valued at about $815,000. Hotchkis & Wiley Capital Management LLC increased its position in shares of Home Bancorp by 21.3% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 62,317 shares of the bank’s stock valued at $2,792,000 after purchasing an additional 10,930 shares during the last quarter. Strs Ohio purchased a new stake in shares of Home Bancorp during the 1st quarter valued at about $502,000. Finally, American Century Companies Inc. increased its position in shares of Home Bancorp by 36.0% during the 1st quarter. American Century Companies Inc. now owns 104,846 shares of the bank’s stock valued at $4,697,000 after purchasing an additional 27,778 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.