Home Bancorp Inc. (NASDAQ:HBCP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. The brokerage currently has a $32.00 price objective on the stock. Zacks Investment Research’s price target indicates a potential upside of 10.80% from the stock’s current price.
According to Zacks, “HOME BANCORP, INC. is a holding company for Home Bank. Home Bancorp has not commenced operations and has no assets. Home Bank is a federally chartered mutual savings bank. Home Bank is a community oriented savings bank offering a range of deposit and loan products, primarily to individuals, families and small to mid-sized businesses located in its market area as well as contiguous markets in south central Louisiana. “
Home Bancorp (NASDAQ:HBCP) opened at 28.88 on Thursday. The stock has a 50 day moving average price of $27.87 and a 200 day moving average price of $27.93. The firm has a market cap of $211.43 million, a price-to-earnings ratio of 13.07 and a beta of 0.14. Home Bancorp has a 52 week low of $21.29 and a 52 week high of $29.78.
Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Tuesday, October 25th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.04. Home Bancorp had a return on equity of 9.41% and a net margin of 19.90%. Equities research analysts expect that Home Bancorp will post $2.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 18th. Investors of record on Monday, November 7th will be paid a $0.12 dividend. This is an increase from Home Bancorp’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 1.66%. The ex-dividend date of this dividend is Thursday, November 3rd. Home Bancorp’s dividend payout ratio (DPR) is presently 18.10%.
In other news, Director Donald W. Washington acquired 1,105 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was purchased at an average cost of $29.02 per share, with a total value of $32,067.10. Following the purchase, the director now directly owns 1,905 shares of the company’s stock, valued at approximately $55,283.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 16.20% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC increased its position in Home Bancorp by 38.9% in the second quarter. Acrospire Investment Management LLC now owns 3,927 shares of the company’s stock valued at $108,000 after buying an additional 1,100 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in Home Bancorp during the second quarter valued at $110,000. Schwab Charles Investment Management Inc. bought a new position in Home Bancorp during the second quarter valued at $201,000. KCG Holdings Inc. bought a new position in Home Bancorp during the second quarter valued at $228,000. Finally, Hillsdale Investment Management Inc. bought a new position in Home Bancorp during the second quarter valued at $242,000. 41.35% of the stock is owned by hedge funds and other institutional investors.
Home Bancorp Company Profile
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through approximately 30 banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.