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 Tuesday morning.

A number of other brokerages have also issued reports on HBCP. Hovde Group raised their target price on Home Bancorp from $48.50 to $51.50 and gave the stock a “market perform” rating in a research note on Thursday, April 24th. Piper Sandler raised their price objective on Home Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 23rd.

Home Bancorp Trading Up 1.8 %

NASDAQ HBCP opened at $50.87 on Tuesday. Home Bancorp has a 52 week low of $35.16 and a 52 week high of $52.77. The company has a 50 day moving average price of $45.62 and a 200 day moving average price of $47.31. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The firm has a market cap of $408.03 million, a PE ratio of 11.18 and a beta of 0.56.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, April 21st. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.14 by $0.23. The firm had revenue of $35.76 million during the quarter, compared to analyst estimates of $30.90 million. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same period last year, the firm posted $1.14 EPS. As a group, sell-side analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 5th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Monday, May 5th. Home Bancorp’s payout ratio is 22.59%.

Insider Buying and Selling at Home Bancorp

In other news, CFO David T. Kirkley sold 2,284 shares of the company’s stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total transaction of $110,842.52. Following the completion of the transaction, the chief financial officer now directly owns 3,633 shares of the company’s stock, valued at $176,309.49. This represents a 38.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel G. Guidry sold 2,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $50.94, for a total transaction of $101,880.00. Following the transaction, the director now directly owns 64,819 shares in the company, valued at approximately $3,301,879.86. The trade was a 2.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

Several large investors have recently bought and sold shares of HBCP. Barclays PLC grew its stake in Home Bancorp by 287.9% during the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after acquiring an additional 6,785 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Home Bancorp by 136.2% in the third quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after purchasing an additional 8,459 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Home Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 31,448 shares of the bank’s stock valued at $1,453,000 after purchasing an additional 1,485 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Home Bancorp during the fourth quarter worth approximately $483,000. Finally, Janney Montgomery Scott LLC acquired a new position in Home Bancorp during the fourth quarter worth $449,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.