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

Shares of Home Bancorp, Inc. (NASDAQ:HBCP) have been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $59.50.

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

Institutional Investors Weigh In On Home Bancorp

Several large investors have recently added to or reduced their stakes in HBCP. Royal Bank of Canada grew its position in Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock worth $258,000 after buying an additional 607 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Home Bancorp by 80.7% during the 1st quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after acquiring an additional 5,476 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of Home Bancorp by 7.3% during the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after purchasing an additional 2,301 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Home Bancorp in the first quarter worth approximately $612,000. Finally, Acadian Asset Management LLC raised its stake in Home Bancorp by 1.1% in the first quarter. Acadian Asset Management LLC now owns 52,952 shares of the bank’s stock valued at $2,371,000 after purchasing an additional 569 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Trading Down 1.9%

NASDAQ:HBCP opened at $59.20 on Friday. Home Bancorp has a 1 year low of $39.59 and a 1 year high of $62.15. The stock’s fifty day moving average price is $56.97 and its two-hundred day moving average price is $55.33. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $463.42 million, a P/E ratio of 10.53 and a beta of 0.60.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Monday, October 20th. The bank reported $1.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.22. The company had revenue of $37.84 million for 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 company posted $1.18 EPS. As a group, analysts expect that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a dividend of $0.31 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.29. The ex-dividend date was Monday, November 3rd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.1%. Home Bancorp’s dividend payout ratio (DPR) is presently 22.06%.

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.