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

StockNews.com upgraded shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a buy rating in a report released on Friday morning.

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

Home Bancorp Price Performance

NASDAQ:HBCP opened at $46.29 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The firm’s fifty day moving average price is $48.55 and its two-hundred day moving average price is $44.29. Home Bancorp has a one year low of $33.30 and a one year high of $52.39. The company has a market cap of $373.84 million, a P/E ratio of 10.26 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, beating the consensus estimate of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The business had revenue of $34.07 million for the quarter, compared to the consensus estimate of $33.10 million. Equities analysts expect that Home Bancorp will post 4.48 earnings per share for the current year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were given a dividend of $0.26 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, October 28th. This represents a $1.04 annualized dividend and a yield of 2.25%. Home Bancorp’s dividend payout ratio is currently 23.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HBCP. BNP Paribas Financial Markets increased its stake in shares of Home Bancorp by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares during the period. SG Americas Securities LLC acquired a new position in shares of Home Bancorp in the third quarter valued at approximately $110,000. Barclays PLC increased its stake in shares of Home Bancorp by 287.9% in the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after buying an additional 6,785 shares during the period. Martingale Asset Management L P increased its position in Home Bancorp by 2.9% during the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after purchasing an additional 400 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Home Bancorp by 136.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,668 shares of the bank’s stock valued at $654,000 after purchasing an additional 8,459 shares during the period. 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.