Raymond James Financial Increases Home Bancorp (NASDAQ:HBCP) Price Target to $62.00

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

Several other research firms also recently commented on HBCP. Wall Street Zen upgraded Home Bancorp from a "hold" rating to a "buy" rating in a report on Wednesday, May 14th. Hovde Group lifted their price objective on Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a report on Thursday, April 24th. Finally, Piper Sandler lifted their price objective on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a report on Wednesday, April 23rd.

Home Bancorp Stock Performance

NASDAQ:HBCP traded down $0.93 during trading hours on Wednesday, reaching $54.49. The stock had a trading volume of 27,370 shares, compared to its average volume of 55,601. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day simple moving average of $52.33 and a 200 day simple moving average of $48.87. Home Bancorp has a 12-month low of $37.35 and a 12-month high of $61.07. The stock has a market cap of $425.08 million, a P/E ratio of 10.46 and a beta of 0.56.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings results on Monday, July 21st. The bank reported $1.45 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 analyst estimates of $32.07 million. Home Bancorp had a return on equity of 10.42% and a net margin of 20.09%. On average, research analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Monday, August 4th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.13%. This is a positive change from Home Bancorp's previous quarterly dividend of $0.27. The ex-dividend date is Monday, August 4th. Home Bancorp's dividend payout ratio is 22.26%.

Insider Transactions at Home Bancorp

In other news, Director Daniel G. Guidry sold 500 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $52.40, for a total transaction of $26,200.00. Following the completion of the transaction, the director owned 64,319 shares in the company, valued at $3,370,315.60. This trade represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 7.90% of the company's stock.

Institutional Trading of Home Bancorp

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC raised its stake in shares of Home Bancorp by 92.2% during the first quarter. CWM LLC now owns 1,307 shares of the bank's stock valued at $59,000 after acquiring an additional 627 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Home Bancorp by 247.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank's stock valued at $61,000 after acquiring an additional 942 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Home Bancorp during the fourth quarter valued at approximately $180,000. PDT Partners LLC bought a new stake in shares of Home Bancorp during the fourth quarter valued at approximately $203,000. Finally, U.S. Capital Wealth Advisors LLC bought a new stake in shares of Home Bancorp during the second quarter valued at approximately $207,000. Institutional investors own 49.41% of the company's stock.

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.