Home Bancorp, Inc. (NASDAQ:HBCP) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• Home Bancorp, Inc. (NASDAQ:HBCP) has received a consensus rating of "Moderate Buy" from five research firms, with an average twelve-month price target of $59.50.
• The company recently announced a quarterly dividend increase to $0.29, reflecting a 2.1% dividend yield, and a payout ratio of 22.26%.
• Home Bancorp reported $1.45 earnings per share for its last quarter, exceeding analyst expectations and shows a strong net margin of 20.09% and return on equity of 10.34%.

Shares of Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) have received a consensus rating of "Moderate Buy" from the five research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $59.50.

A number of equities research analysts recently weighed in on HBCP shares. Weiss Ratings reiterated a "buy (b)" rating on shares of Home Bancorp in a report on Saturday, September 27th. Raymond James Financial boosted their price target on shares of Home Bancorp from $52.00 to $62.00 and gave the company an "outperform" rating in a report on Wednesday, July 23rd. Finally, Zacks Research lowered shares of Home Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st.

Institutional Investors Weigh In On Home Bancorp

Several large investors have recently modified their holdings of the business. Montz Harcus Wealth Management LLC grew its position in shares of Home Bancorp by 288.5% in the 1st quarter. Montz Harcus Wealth Management LLC now owns 113,065 shares of the bank's stock worth $5,065,000 after buying an additional 83,965 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Home Bancorp in the 2nd quarter worth approximately $3,676,000. GAMMA Investing LLC grew its position in shares of Home Bancorp by 5,285.9% in the 1st quarter. GAMMA Investing LLC now owns 48,742 shares of the bank's stock worth $21,840,000 after buying an additional 47,837 shares during the last quarter. Marshall Wace LLP grew its position 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 buying an additional 36,322 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position 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 buying an additional 33,090 shares during the last quarter. Institutional investors own 49.41% of the company's stock.

Home Bancorp Trading Up 0.8%

HBCP traded up $0.45 on Friday, reaching $54.50. 14,686 shares of the company traded hands, compared to its average volume of 34,807. Home Bancorp has a one year low of $39.59 and a one year high of $61.07. The firm has a fifty day simple moving average of $54.41 and a two-hundred day simple moving average of $51.21. The company has a market cap of $426.46 million, a P/E ratio of 10.46 and a beta of 0.62. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.45 earnings per share for the quarter, beating analysts' consensus estimates of $1.24 by $0.21. Home Bancorp had a net margin of 20.09% and a return on equity of 10.34%. The company had revenue of $37.07 million during the quarter, compared to analyst estimates of $32.07 million. As a group, equities research analysts expect that Home Bancorp will post 4.78 earnings per share for the current year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 4th were issued a $0.29 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.16 annualized dividend and a dividend yield of 2.1%. This is an increase from Home Bancorp's previous quarterly dividend of $0.27. Home Bancorp's dividend payout ratio (DPR) is presently 22.26%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.