Home Bancorp (NASDAQ:HBCP) Coverage Initiated by Analysts at Piper Sandler

Piper Sandler started coverage on shares of Home Bancorp (NASDAQ:HBCP) in a research report report published on Friday, MarketBeat Ratings reports. The firm issued an overweight rating and a $60.00 price target on the bank’s stock.

Several other equities analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. 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.

Home Bancorp Price Performance

Shares of HBCP opened at $47.75 on Friday. Home Bancorp has a fifty-two week low of $33.30 and a fifty-two week high of $52.77. 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 company has a market capitalization of $385.82 million, a P/E ratio of 10.49 and a beta of 0.71. The business’s 50-day moving average is $47.65 and its two-hundred day moving average is $46.00.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results 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 company earned $1.17 earnings per share. Research analysts predict that Home Bancorp will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were given a dividend of $0.27 per share. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Monday, February 10th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.26%. Home Bancorp’s dividend payout ratio (DPR) is 23.74%.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in HBCP. Picton Mahoney Asset Management grew its position in shares of Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after purchasing an additional 296 shares during the period. Tower Research Capital LLC TRC lifted its stake in Home Bancorp by 247.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock valued at $61,000 after buying an additional 942 shares in the last quarter. BNP Paribas Financial Markets boosted 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 buying an additional 1,009 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Home Bancorp during the 3rd quarter worth approximately $110,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Home Bancorp during the fourth quarter valued at approximately $180,000. 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.