Weiss Ratings Reiterates "Buy (B)" Rating for Home Bancorp (NASDAQ:HBCP)

Key Points

• Weiss Ratings has reaffirmed its "Buy (B)" rating for Home Bancorp (NASDAQ:HBCP), indicating confidence in the stock's performance.
• Analysts' opinions are mixed as Zacks Research downgraded Home Bancorp to a "hold" rating, while Raymond James Financial raised its price target from $52 to $62.
• Home Bancorp recently posted strong earnings, reporting $1.45 per share, surpassing analysts' expectations of $1.24, with revenues also exceeding estimates.

Home Bancorp (NASDAQ:HBCP - Get Free Report)'s stock had its "buy (b)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Several other research analysts have also issued reports on the company. Zacks Research lowered Home Bancorp from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 21st. Raymond James Financial increased 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. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Home Bancorp presently has an average rating of "Moderate Buy" and an average price target of $59.50.

Home Bancorp Stock Performance

Home Bancorp stock opened at $54.45 on Wednesday. The business has a 50 day moving average of $54.44 and a 200-day moving average of $51.47. Home Bancorp has a 1 year low of $39.59 and a 1 year high of $61.07. 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 capitalization of $426.07 million, a P/E ratio of 10.45 and a beta of 0.62.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its earnings results on Monday, July 21st. The bank reported $1.45 earnings per share for the quarter, topping 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 firm had revenue of $37.07 million for the quarter, compared to analyst estimates of $32.07 million. On average, equities research analysts predict that Home Bancorp will post 4.78 earnings per share for the current year.

Institutional Trading of Home Bancorp

Hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Home Bancorp in the 2nd quarter valued at $46,000. CWM LLC grew its stake in shares of Home Bancorp by 92.2% in the 1st quarter. CWM LLC now owns 1,307 shares of the bank's stock valued at $59,000 after buying an additional 627 shares during the period. Tower Research Capital LLC TRC increased its position in Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank's stock valued at $74,000 after buying an additional 769 shares in the last quarter. U.S. Capital Wealth Advisors LLC bought a new stake in Home Bancorp in the 2nd quarter valued at about $207,000. Finally, Exencial Wealth Advisors LLC acquired a new position in Home Bancorp during the 2nd quarter worth approximately $212,000. Institutional investors own 49.41% of the company's stock.

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.

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