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

Home Bancorp (NASDAQ:HBCP) had its price objective hoisted by investment analysts at Hovde Group from $48.50 to $53.00 in a report issued on Monday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the bank’s stock. Hovde Group’s price objective points to a potential upside of 12.48% from the company’s current price.

Separately, Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research report on Monday.

Home Bancorp Stock Performance

HBCP stock opened at $47.12 on Monday. The stock’s 50 day simple moving average is $42.98 and its 200 day simple moving average is $39.86. Home Bancorp has a 12-month low of $33.00 and a 12-month high of $48.96. The firm has a market cap of $382.99 million, a P/E ratio of 9.94 and a beta of 0.69. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.25.

Hedge Funds Weigh In On Home Bancorp

Institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets grew its holdings in Home Bancorp by 531.8% in the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after buying an additional 10,344 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Home Bancorp by 7.8% in 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of Home Bancorp by 0.9% during the first 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 period. Kennedy Capital Management LLC increased its stake in Home Bancorp by 29.3% during the 1st quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after buying an additional 5,177 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after buying an additional 2,672 shares during the period. Institutional investors own 49.41% of the company’s stock.

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.