Home Bancorp (HBCP) Lifted to Buy at Zacks Investment Research

Home Bancorp (NASDAQ:HBCP) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $50.00 price objective on the bank’s stock. Zacks Investment Research‘s price target indicates a potential upside of 11.96% from the company’s previous close.

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. “

A number of other equities research analysts have also issued reports on HBCP. BidaskClub lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Saturday, June 30th. Sandler O’Neill set a $48.00 target price on shares of Home Bancorp and gave the company a “hold” rating in a research note on Tuesday, April 24th. Finally, ValuEngine lowered shares of Home Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd.

Shares of NASDAQ:HBCP opened at $44.66 on Tuesday. The firm has a market cap of $425.25 million, a price-to-earnings ratio of 16.12 and a beta of 0.15. Home Bancorp has a 12-month low of $34.12 and a 12-month high of $48.47. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.96.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Thursday, July 26th. The bank reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The company had revenue of $26.68 million during the quarter, compared to analyst estimates of $25.73 million. Home Bancorp had a net margin of 23.13% and a return on equity of 10.63%. equities analysts forecast that Home Bancorp will post 3.57 EPS for the current fiscal year.

In other Home Bancorp news, Director Michael P. Maraist sold 3,000 shares of Home Bancorp stock in a transaction on Friday, June 8th. The shares were sold at an average price of $45.95, for a total transaction of $137,850.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul J. Blanchet III sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $44.91, for a total transaction of $44,910.00. The disclosure for this sale can be found here. Company insiders own 13.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in HBCP. Wells Fargo & Company MN raised its holdings in shares of Home Bancorp by 32.3% during the 4th quarter. Wells Fargo & Company MN now owns 8,916 shares of the bank’s stock valued at $386,000 after purchasing an additional 2,175 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Home Bancorp by 13.5% during the 4th quarter. Bank of New York Mellon Corp now owns 40,475 shares of the bank’s stock valued at $1,749,000 after purchasing an additional 4,808 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Home Bancorp by 2.5% during the 4th quarter. BlackRock Inc. now owns 277,331 shares of the bank’s stock valued at $11,987,000 after purchasing an additional 6,782 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Home Bancorp by 22.8% during the 4th quarter. Geode Capital Management LLC now owns 44,910 shares of the bank’s stock valued at $1,941,000 after purchasing an additional 8,327 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Home Bancorp by 200.7% during the 4th quarter. Deutsche Bank AG now owns 43,203 shares of the bank’s stock valued at $1,865,000 after purchasing an additional 28,836 shares in the last quarter. Institutional investors and hedge funds own 37.06% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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