Brokerages Set Home Bancorp, Inc. (NASDAQ:HBCP) Target Price at $59.50

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

A number of equities analysts recently commented on the stock. Zacks Research downgraded shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th.

Institutional Investors Weigh In On Home Bancorp

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

Home Bancorp Trading Down 1.0%

NASDAQ HBCP opened at $60.83 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $476.30 million, a price-to-earnings ratio of 10.82 and a beta of 0.60. The company’s 50-day simple moving average is $57.64 and its two-hundred day simple moving average is $55.62. Home Bancorp has a one year low of $39.59 and a one year high of $62.15.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, October 20th. The bank reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.22. Home Bancorp had a net margin of 21.32% and a return on equity of 10.87%. The firm had revenue of $37.84 million during the quarter, compared to analysts’ expectations of $33.33 million. During the same quarter in the prior year, the company earned $1.18 EPS. Equities analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Monday, November 3rd were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from Home Bancorp’s previous quarterly dividend of $0.29. Home Bancorp’s payout ratio is presently 22.06%.

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.