Home Bancorp (NASDAQ:HBCP) Upgraded at StockNews.com

StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a buy rating in a report published on Thursday.

Other equities analysts also recently issued reports about the stock. Hovde Group boosted their price target on shares of Home Bancorp from $48.50 to $53.00 and gave the stock an “outperform” rating in a report on Monday, October 21st. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, October 21st.

Home Bancorp Price Performance

Home Bancorp stock opened at $49.98 on Thursday. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39. The company’s 50 day moving average price is $44.30 and its two-hundred day moving average price is $40.95. The stock has a market cap of $403.84 million, a P/E ratio of 11.08 and a beta of 0.68. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.21. The business had revenue of $34.07 million for the quarter, compared to analyst estimates of $33.10 million. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. On average, equities analysts predict that Home Bancorp will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.04 annualized dividend and a yield of 2.08%. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s dividend payout ratio (DPR) is 23.06%.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors have recently added to or reduced their stakes in HBCP. BNP Paribas Financial Markets raised its position in shares of Home Bancorp by 531.8% in the first quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock valued at $471,000 after purchasing an additional 10,344 shares during the period. Empowered Funds LLC raised its holdings in Home Bancorp by 7.8% during the 1st quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 1,925 shares during the period. Vanguard Group Inc. raised its holdings in Home Bancorp by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock valued at $13,985,000 after acquiring an additional 3,414 shares during the period. Kennedy Capital Management LLC lifted its position 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 acquiring an additional 5,177 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Home Bancorp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after acquiring an additional 2,672 shares during the period. 49.41% of the stock is owned by hedge funds and other 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.