Home Bancorp (NASDAQ:HBCP) Stock Rating Upgraded by StockNews.com

Home Bancorp (NASDAQ:HBCP) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

A number of other research analysts have also recently issued reports on HBCP. Raymond James upgraded 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 report on Monday, October 21st. Hovde Group cut shares of Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th.

Home Bancorp Trading Up 2.6 %

HBCP stock traded up $1.18 during midday trading on Friday, reaching $46.29. The company’s stock had a trading volume of 48,721 shares, compared to its average volume of 31,510. The business’s 50-day simple moving average is $48.55 and its 200-day simple moving average is $44.24. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39. The stock has a market cap of $373.84 million, a PE ratio of 10.26 and a beta of 0.71.

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

Institutional Inflows and Outflows

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