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 research report sent to investors on Tuesday.

A number of other equities research analysts have also commented on HBCP. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, October 21st.

Home Bancorp Trading Down 0.8 %

NASDAQ HBCP opened at $45.41 on Tuesday. The firm has a market capitalization of $366.91 million, a P/E ratio of 10.07 and a beta of 0.71. The business has a fifty day simple moving average of $48.01 and a 200 day simple moving average of $44.63. Home Bancorp has a 12 month low of $33.30 and a 12 month high of $52.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. The business had revenue of $34.07 million during 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, analysts predict that Home Bancorp will post 4.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Home Bancorp

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its holdings in Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after acquiring an additional 1,009 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Home Bancorp in the 3rd quarter worth about $110,000. Barclays PLC increased its holdings in Home Bancorp by 287.9% in the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock worth $407,000 after acquiring an additional 6,785 shares during the last quarter. Martingale Asset Management L P increased its holdings in Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after acquiring an additional 400 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Home Bancorp by 136.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock worth $654,000 after acquiring an additional 8,459 shares during the last quarter. 49.41% of the stock is 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.