Home Bancorp (NASDAQ:HBCP) Upgraded at StockNews.com

Home Bancorp (NASDAQ:HBCP) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Monday.

HBCP has been the subject of a number of other research reports. Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, October 21st. Hovde Group lowered shares of Home Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th.

Home Bancorp Price Performance

Home Bancorp stock traded down $0.37 during midday trading on Monday, reaching $49.48. 9,014 shares of the stock were exchanged, compared to its average volume of 20,837. The company’s fifty day moving average is $47.68 and its 200-day moving average is $45.83. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.77. The firm has a market cap of $399.80 million, a PE ratio of 10.87 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period in the prior year, the firm earned $1.17 EPS. On average, sell-side analysts forecast that Home Bancorp will post 4.78 EPS for the current year.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors have recently made changes to their positions in the business. Picton Mahoney Asset Management increased its stake in Home Bancorp by 100.7% in the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock worth $27,000 after purchasing an additional 296 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Home Bancorp by 3.6% during the fourth quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank’s stock valued at $402,000 after purchasing an additional 300 shares during the period. Martingale Asset Management L P grew its holdings in shares of Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after purchasing an additional 400 shares during the last quarter. Nuveen Asset Management LLC increased its stake in shares of Home Bancorp by 2.4% in the fourth quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank’s stock worth $840,000 after buying an additional 418 shares during the period. Finally, SG Americas Securities LLC increased its stake in shares of Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock worth $144,000 after buying an additional 668 shares during the period. Hedge funds and other 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.