Home Bancorp (NASDAQ:HBCP) Price Target Raised to $51.50 at Hovde Group

Home Bancorp (NASDAQ:HBCP - Get Free Report) had its price target increased by equities research analysts at Hovde Group from $48.50 to $51.50 in a report issued on Thursday, Marketbeat.com reports. The brokerage currently has a "market perform" rating on the bank's stock. Hovde Group's price target would suggest a potential upside of 3.31% from the stock's current price.

Other equities analysts also recently issued research reports about the stock. Piper Sandler upped their price objective on shares of Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a research note on Wednesday, April 23rd. StockNews.com downgraded Home Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, March 21st.

Home Bancorp Price Performance

NASDAQ:HBCP traded up $0.39 during trading hours on Thursday, reaching $49.85. 9,647 shares of the company traded hands, compared to its average volume of 19,951. Home Bancorp has a 1-year low of $34.51 and a 1-year high of $52.77. The stock has a market cap of $399.85 million, a P/E ratio of 10.96 and a beta of 0.55. The firm's 50-day moving average is $45.18 and its 200-day moving average is $47.03. 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 (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.37 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.23. The firm had revenue of $35.76 million during the quarter, compared to analysts' expectations of $30.90 million. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter last year, the business posted $1.14 EPS. Equities research analysts expect that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $48.53, for a total transaction of $110,842.52. Following the completion of the sale, the chief financial officer now owns 3,633 shares of the company's stock, valued at approximately $176,309.49. This represents a 38.60 % decrease in their position. 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 insiders.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors have recently bought and sold shares of the business. Picton Mahoney Asset Management raised its stake in shares of Home Bancorp by 100.7% in the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank's stock valued at $27,000 after acquiring an additional 296 shares during the period. Tower Research Capital LLC TRC increased its holdings 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 purchasing an additional 942 shares in the last quarter. SG Americas Securities LLC raised its position in Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank's stock valued at $144,000 after purchasing an additional 668 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Home Bancorp during the fourth quarter worth about $180,000. Finally, PDT Partners LLC purchased a new stake in shares of Home Bancorp in the fourth quarter worth about $203,000. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.