Home Bancorp (NASDAQ:HBCP) Issues Quarterly Earnings Results

Key Points

• Home Bancorp reported a quarterly earnings per share of $1.59, exceeding the consensus estimate of $1.37 by $0.22.
• The company's stock increased by $2.78 to reach $53.97 during trading on the same day, with an average trading volume of 34,374 shares.
• Analysts have mixed ratings for Home Bancorp, with Zacks research downgrading the stock from "strong-buy" to "hold," while Raymond James raised its price target and maintained an "outperform" rating.

Home Bancorp (NASDAQ:HBCP - Get Free Report) posted its quarterly earnings results on Monday. The bank reported $1.59 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.22, Zacks reports. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%.

Home Bancorp Stock Performance

HBCP stock traded up $2.78 during trading on Monday, hitting $53.97. 33,617 shares of the company traded hands, compared to its average volume of 34,374. The stock's 50-day simple moving average is $54.68 and its 200 day simple moving average is $51.93. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $422.05 million, a PE ratio of 10.36 and a beta of 0.62. Home Bancorp has a 1 year low of $39.59 and a 1 year high of $61.07.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on HBCP shares. Zacks Research lowered Home Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Raymond James Financial raised their price target on Home Bancorp from $52.00 to $62.00 and gave the company an "outperform" rating in a research note on Wednesday, July 23rd. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home Bancorp in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $59.50.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC raised its position in Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank's stock valued at $74,000 after acquiring an additional 769 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Home Bancorp in the second quarter valued at approximately $347,000. Bridgeway Capital Management LLC increased its position in shares of Home Bancorp by 5.0% in the second quarter. Bridgeway Capital Management LLC now owns 67,432 shares of the bank's stock valued at $3,492,000 after buying an additional 3,189 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Home Bancorp by 29.9% in the second quarter. Ameriprise Financial Inc. now owns 17,085 shares of the bank's stock valued at $885,000 after buying an additional 3,932 shares in the last quarter. Finally, PDT Partners LLC increased its position in shares of Home Bancorp by 3.7% in the second quarter. PDT Partners LLC now owns 6,798 shares of the bank's stock valued at $352,000 after buying an additional 245 shares in the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.

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