Home Bancorp (NASDAQ:HBCP) Given New $62.00 Price Target at Raymond James Financial

Home Bancorp (NASDAQ:HBCP - Free Report) had its price target boosted by Raymond James Financial from $52.00 to $62.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the bank's stock.

Other equities research analysts have also recently issued research reports about the company. Hovde Group upped their target price on Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a research report on Thursday, April 24th. Piper Sandler upped their price objective on shares of Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd. Finally, Wall Street Zen raised shares of Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th.

Home Bancorp Stock Down 1.0%

HBCP stock traded down $0.57 during trading hours on Wednesday, hitting $54.85. The company's stock had a trading volume of 4,590 shares, compared to its average volume of 35,983. The company has a market capitalization of $427.83 million, a PE ratio of 10.53 and a beta of 0.56. Home Bancorp has a 12 month low of $37.35 and a 12 month high of $61.07. The stock has a 50 day moving average price of $52.26 and a two-hundred day moving average price of $48.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.17.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The bank reported $1.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.24 by $0.21. The firm had revenue of $37.07 million during the quarter, compared to analysts' expectations of $32.07 million. Home Bancorp had a net margin of 20.09% and a return on equity of 10.42%. On average, 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 disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.11%. This is a boost from Home Bancorp's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, August 4th. Home Bancorp's dividend payout ratio is currently 20.73%.

Insider Buying and Selling at Home Bancorp

In other news, Director Daniel G. Guidry sold 500 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $52.40, for a total value of $26,200.00. Following the completion of the sale, the director directly owned 64,319 shares of the company's stock, valued at approximately $3,370,315.60. This represents a 0.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.90% of the company's stock.

Institutional Trading of Home Bancorp

A number of hedge funds have recently bought and sold shares of the stock. Two Sigma Advisers LP lifted its stake in shares of Home Bancorp by 3.6% in the fourth quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank's stock valued at $402,000 after buying an additional 300 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Home Bancorp by 0.3% in the first quarter. NewEdge Advisors LLC now owns 111,742 shares of the bank's stock valued at $5,006,000 after buying an additional 370 shares during the period. Nuveen Asset Management LLC lifted its position in shares of Home Bancorp by 2.4% in the 4th quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank's stock worth $840,000 after acquiring an additional 418 shares during the period. Acadian Asset Management LLC lifted its position in shares of Home Bancorp by 1.1% in the 1st quarter. Acadian Asset Management LLC now owns 52,952 shares of the bank's stock worth $2,371,000 after acquiring an additional 569 shares during the period. Finally, Royal Bank of Canada lifted its position in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank's stock worth $258,000 after acquiring an additional 607 shares during the period. 49.41% of the stock is owned by 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.