Home Bancorp (NASDAQ:HBCP) Lifted to “Outperform” at Raymond James

Raymond James upgraded shares of Home Bancorp (NASDAQ:HBCP) from a market perform rating to an outperform rating in a research note released on Monday morning, MarketBeat Ratings reports. They currently have $50.00 price target on the bank’s stock.

Separately, Hovde Group boosted their price target on Home Bancorp from $45.00 to $48.50 and gave the stock an “outperform” rating in a research report on Friday, July 19th.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $46.52 on Monday. Home Bancorp has a fifty-two week low of $33.00 and a fifty-two week high of $48.96. The business has a 50-day moving average of $43.12 and a two-hundred day moving average of $39.91. The stock has a market capitalization of $378.11 million, a P/E ratio of 9.81 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.96 and a quick ratio of 0.96.

Home Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, October 28th. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.24%. Home Bancorp’s payout ratio is presently 21.94%.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors have recently made changes to their positions in HBCP. BNP Paribas Financial Markets increased its stake in shares of Home Bancorp by 531.8% in the first quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after purchasing an additional 10,344 shares during the period. Empowered Funds LLC increased its stake in Home Bancorp by 7.8% during the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after acquiring an additional 1,925 shares during the period. Vanguard Group Inc. increased its stake in Home Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock valued at $13,985,000 after acquiring an additional 3,414 shares during the period. Kennedy Capital Management LLC increased its stake in Home Bancorp by 29.3% during the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after acquiring an additional 5,177 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Home Bancorp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after acquiring an additional 2,672 shares during the period. 49.41% of the stock is currently owned by institutional investors.

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.