StockNews.com Upgrades Home Bancorp (NASDAQ:HBCP) to “Buy”

Home Bancorp (NASDAQ:HBCP) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

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

Home Bancorp Price Performance

Shares of HBCP opened at $46.29 on Friday. Home Bancorp has a one year low of $33.30 and a one year high of $52.39. The stock’s fifty day moving average is $48.55 and its 200-day moving average is $44.24. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $373.84 million, a price-to-earnings ratio of 10.26 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The firm had revenue of $34.07 million during the quarter, compared to analyst estimates of $33.10 million. Equities analysts anticipate that Home Bancorp will post 4.48 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp lifted its position in shares of Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after acquiring an additional 2,672 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Home Bancorp by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after purchasing an additional 8,219 shares during the last quarter. NewEdge Advisors LLC boosted its position in shares of Home Bancorp by 120.9% in the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after purchasing an additional 76,812 shares during the period. SG Americas Securities LLC purchased a new position in Home Bancorp in the 3rd quarter worth about $110,000. Finally, Montz Harcus Wealth Management LLC acquired a new stake in Home Bancorp during the 3rd quarter worth about $1,598,000. Institutional investors and hedge funds own 49.41% of the company’s stock.

About Home Bancorp

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.