Home Bancorp, Inc. (NASDAQ:HBCP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $59.50.

Several equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a report on Monday, December 29th.

Home Bancorp Stock Performance

HBCP stock opened at $61.45 on Friday. The firm has a market cap of $481.15 million, a PE ratio of 10.93 and a beta of 0.60. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.14. The business’s 50-day moving average price is $57.50 and its two-hundred day moving average price is $55.54. Home Bancorp has a 1-year low of $39.59 and a 1-year high of $62.15.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, October 20th. The bank reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.22. The business had revenue of $37.84 million during the quarter, compared to analyst estimates of $33.33 million. Home Bancorp had a return on equity of 10.87% and a net margin of 21.32%.During the same period in the previous year, the firm earned $1.18 EPS. As a group, research analysts forecast 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, November 14th. Investors of record on Monday, November 3rd were issued a dividend of $0.31 per share. The ex-dividend date was Monday, November 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 2.0%. Home Bancorp’s dividend payout ratio is currently 22.06%.

Institutional Investors Weigh In On Home Bancorp

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HBCP. Hillsdale Investment Management Inc. acquired a new position in Home Bancorp during the second quarter valued at approximately $3,676,000. Hotchkis & Wiley Capital Management LLC raised its stake in shares of Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after purchasing an additional 46,546 shares in the last quarter. Marshall Wace LLP boosted its holdings in shares of Home Bancorp by 636.7% in the 2nd quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock valued at $2,176,000 after buying an additional 36,322 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Home Bancorp by 668.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock valued at $1,970,000 after buying an additional 33,090 shares in the last quarter. Finally, Qube Research & Technologies Ltd increased its holdings in Home Bancorp by 449.1% during the second quarter. Qube Research & Technologies Ltd now owns 33,306 shares of the bank’s stock worth $1,725,000 after buying an additional 27,240 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.

Home Bancorp Company Profile

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.