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 report issued on Monday.

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

Home Bancorp Stock Down 0.7 %

Shares of HBCP stock traded down $0.37 during trading hours on Monday, reaching $49.48. The company had a trading volume of 9,014 shares, compared to its average volume of 20,837. The company has a market cap of $399.80 million, a price-to-earnings ratio of 10.87 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. Home Bancorp has a 12 month low of $33.30 and a 12 month high of $52.77. The business has a fifty day simple moving average of $47.68 and a 200-day simple moving average of $45.83.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, research analysts expect that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HBCP. Dimensional Fund Advisors LP increased its holdings in Home Bancorp by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 419,454 shares of the bank’s stock worth $19,383,000 after acquiring an additional 10,734 shares during the last quarter. Geode Capital Management LLC boosted its position in Home Bancorp by 1.2% during the third quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after purchasing an additional 1,874 shares during the period. State Street Corp increased its stake in shares of Home Bancorp by 1.5% in the third quarter. State Street Corp now owns 156,752 shares of the bank’s stock worth $6,988,000 after purchasing an additional 2,269 shares in the last quarter. Crawford Fund Management LLC raised its position in shares of Home Bancorp by 48.3% in the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock valued at $4,068,000 after purchasing an additional 29,722 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Home Bancorp by 49.8% in the fourth quarter. American Century Companies Inc. now owns 77,068 shares of the bank’s stock valued at $3,561,000 after purchasing an additional 25,617 shares during the period. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.