Home Bancorp (HBCP) Upgraded 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 report issued on Wednesday. The firm presently has a $54.00 price target on the bank’s stock. Zacks Investment Research‘s price target points to a potential upside of 14.89% from the company’s current price.

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. “

Several other research firms also recently issued reports on HBCP. BidaskClub raised Home Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. Sandler O’Neill set a $48.00 price objective on Home Bancorp and gave the stock a “hold” rating in a report on Tuesday, April 24th. Finally, ValuEngine cut shares of Home Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Home Bancorp currently has an average rating of “Hold” and an average target price of $51.00.

Home Bancorp opened at $47.00 on Wednesday, Marketbeat Ratings reports. Home Bancorp has a 52-week low of $34.12 and a 52-week high of $48.47. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $451.85 million, a price-to-earnings ratio of 16.97 and a beta of 0.12.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Tuesday, April 24th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.17. Home Bancorp had a return on equity of 10.11% and a net margin of 21.91%. The firm had revenue of $25.99 million for the quarter, compared to the consensus estimate of $25.03 million. analysts expect that Home Bancorp will post 3.5 earnings per share for the current year.

In other Home Bancorp news, Director Michael P. Maraist sold 3,000 shares of the company’s 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Paul J. Blanchet III sold 1,000 shares of the company’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. Insiders own 13.20% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Martingale Asset Management L P raised its position in shares of Home Bancorp by 71.5% during the 4th quarter. Martingale Asset Management L P now owns 61,427 shares of the bank’s stock valued at $2,655,000 after acquiring an additional 25,613 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Home Bancorp by 10.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 54,929 shares of the bank’s stock valued at $2,374,000 after acquiring an additional 5,024 shares during the last quarter. Bank of New York Mellon Corp raised its position 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 acquiring an additional 4,808 shares during the last quarter. Deutsche Bank AG raised its position 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 acquiring an additional 28,836 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of Home Bancorp by 42.4% during the 4th quarter. Renaissance Technologies LLC now owns 235,500 shares of the bank’s stock valued at $10,178,000 after acquiring an additional 70,114 shares during the last quarter. Institutional investors own 37.13% 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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