Home Bancorp, Inc. (NASDAQ:HBCP) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Analysts' consensus: Buy — Five analysts covering Home Bancorp rate the stock a consensus "Buy" (one hold, three buy, one strong buy) with an average 1‑year price target of $63.00.
• Quarterly beat — Home Bancorp reported EPS of $1.46 vs. $1.39 expected and revenue of $38.05M vs. $33.73M, and the stock trades at a PE of 10.35 with a market cap of about $476M.
• Dividend and insider activity — The company paid a $0.31 quarterly dividend (annualized $1.24, ~2.0% yield) and Director Chris P. Rader purchased 500 shares at $59.50; insiders own 7.9% of the stock while institutions hold ~49.4%.

Shares of Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) have been given a consensus recommendation of "Buy" by the five analysts that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $63.00.

HBCP has been the topic of a number of research analyst reports. Hovde Group increased their price objective on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a "market perform" rating in a research report on Thursday, January 29th. Zacks Research raised Home Bancorp from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home Bancorp in a research note on Monday, December 29th.

Home Bancorp Stock Up 0.3%

Home Bancorp stock opened at $60.73 on Friday. The company has a market capitalization of $476.12 million, a PE ratio of 10.35 and a beta of 0.58. Home Bancorp has a 12-month low of $39.59 and a 12-month high of $64.17. The firm's fifty day moving average is $60.40 and its 200 day moving average is $57.57. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings results on Monday, January 26th. The bank reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. The business had revenue of $38.05 million during the quarter, compared to analysts' expectations of $33.73 million. As a group, sell-side analysts predict that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were given a dividend of $0.31 per share. 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, February 9th. Home Bancorp's dividend payout ratio is presently 21.12%.

Insider Activity

In other news, Director Chris P. Rader bought 500 shares of the business's stock in a transaction that occurred on Thursday, February 19th. The shares were bought at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the acquisition, the director directly owned 17,714 shares in the company, valued at approximately $1,053,983. This trade represents a 2.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Hotchkis & Wiley Capital Management LLC grew its holdings in shares of Home Bancorp by 64.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank's stock valued at $6,468,000 after buying an additional 46,546 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in shares of Home Bancorp by 52.6% during the third quarter. Hillsdale Investment Management Inc. now owns 108,314 shares of the bank's stock worth $5,884,000 after acquiring an additional 37,318 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Home Bancorp by 636.7% in the 2nd quarter. Marshall Wace LLP now owns 42,027 shares of the bank's stock worth $2,176,000 after acquiring an additional 36,322 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Home Bancorp by 668.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank's stock worth $1,970,000 after acquiring an additional 33,090 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Home Bancorp by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 103,243 shares of the bank's stock valued at $5,967,000 after acquiring an additional 30,224 shares in the last quarter. Institutional investors and hedge funds own 49.41% of the company's stock.

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.

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