Home Bancorp, Inc. (NASDAQ:HBCP) Receives $63.00 Consensus Price Target from Brokerages

Home Bancorp, Inc. (NASDAQ:HBCP) has earned an average recommendation of “Buy” from the five research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $63.00.

Several equities research analysts have recently commented on the company. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Hovde Group lifted their price objective on Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research report on Friday.

Home Bancorp Stock Up 0.5%

HBCP stock opened at $60.58 on Friday. The company has a market cap of $474.70 million, a P/E ratio of 10.32 and a beta of 0.58. Home Bancorp has a 52 week low of $39.59 and a 52 week high of $64.17. The company’s 50-day moving average price is $60.38 and its 200 day moving average price is $57.69. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. The company had revenue of $38.05 million for the quarter, compared to analyst estimates of $33.73 million. On average, research analysts expect that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, February 9th. Home Bancorp’s payout ratio is 21.12%.

Insider Activity at Home Bancorp

In other Home Bancorp news, Director Chris P. Rader acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The shares were acquired at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the transaction, the director directly owned 17,714 shares of the company’s stock, valued at approximately $1,053,983. This represents a 2.90% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. grew its position in shares of Home Bancorp by 52.6% in the third quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank’s stock valued at $5,884,000 after purchasing an additional 37,318 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of Home Bancorp during the 3rd quarter worth approximately $932,000. American Century Companies Inc. lifted its stake in Home Bancorp by 20.9% in the 2nd quarter. American Century Companies Inc. now owns 126,791 shares of the bank’s stock valued at $6,565,000 after buying an additional 21,945 shares in the last quarter. TrueMark Investments LLC purchased a new stake in Home Bancorp in the 3rd quarter valued at approximately $1,054,000. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Home Bancorp during the 3rd quarter valued at $932,000. Institutional investors and hedge funds own 49.41% of the company’s stock.

About Home Bancorp

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.