Home Bancorp (NASDAQ:HBCP) Research Coverage Started at Piper Sandler

Piper Sandler began coverage on shares of Home Bancorp (NASDAQ:HBCP) in a research report sent to investors on Friday morning, MarketBeat reports. The firm issued an overweight rating and a $60.00 target price on the bank’s stock.

A number of other equities analysts have also recently issued reports on the stock. StockNews.com upgraded shares of Home Bancorp from a “hold” rating to a “buy” rating in a research note on Monday, February 17th. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $53.00 to $54.50 in a research note on Tuesday, November 12th.

Home Bancorp Stock Down 2.0 %

Shares of Home Bancorp stock opened at $47.75 on Friday. The firm has a market cap of $385.63 million, a price-to-earnings ratio of 10.49 and a beta of 0.71. The stock has a 50-day simple moving average of $47.62 and a 200-day simple moving average of $46.16. Home Bancorp has a 52-week low of $33.30 and a 52-week high of $52.77. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter in the prior year, the company posted $1.17 EPS. On average, equities research analysts expect that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date of this dividend was Monday, February 10th. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. Home Bancorp’s payout ratio is currently 23.74%.

Hedge Funds Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Picton Mahoney Asset Management lifted its holdings in Home Bancorp by 100.7% during the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock worth $27,000 after acquiring an additional 296 shares in the last quarter. Two Sigma Advisers LP raised its position in Home Bancorp by 3.6% in the 4th 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 last quarter. Martingale Asset Management L P lifted its stake in Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after acquiring an additional 400 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in Home Bancorp by 2.4% in the 4th quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank’s stock valued at $840,000 after acquiring an additional 418 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Home Bancorp by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock worth $144,000 after acquiring an additional 668 shares during the last quarter. 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.