Home Bancorp (NASDAQ:HBCP) was upgraded to Buy by StockNews.com.

Home Bancorp (NASDAQ:HBCP – Get Rating) Research analysts at StockNews.com were upgraded from a “hold” rating to a “buy” rating in a research report on Wednesday.

Several other analysts have also weighed in on HBCP. DA Davidson raised Home Bancorp from a “neutral” rating to a “buy” rating and set a $44.50 price objective on the stock in a research report on Wednesday, June 1st. He pointed out that the move is a call for evaluation. Hovde Group initiated coverage on Home Bancorp in a report on Friday, July 8th. They issued an “outperform” rating and a $46.00 target price on the stock. Finally, Piper Sandler increased their target price on Home Bancorp to $49.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th.

Home Bancorp stock fell 1.8 percent

Home Bancorp stock traded down $0.75 during trading hours on Wednesday, reaching $40.07. 10,168 shares of the company exchanged hands, compared to an average volume of 15,747. Home Bancorp has a 1 year low of $33.16 and a 1 year high of $45.73. The stock’s fifty-day moving average is $37.45 and its 200-day moving average is $37.94. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92, and a current ratio of 0.92. The company has a market cap of $334.46 million, a PE ratio of 8.75 and a beta of 0.74.

Home Bancorp (NASDAQ:HBCP – Get Ratings ) last released its quarterly earnings data on Tuesday, July 26th. The bank reported 1.19 earnings per share for the quarter, topping analysts’ consensus estimates of 1.03 by $0.16. Home Bancorp had a return of 12.62% and a net margin of 30.46%. The business had revenue of $32.93 million for the quarter, compared to analyst estimates of $31.75 million. As a group, equities research analysts predict that Home Bancorp will post 4.39 earnings per share for the current year.

Institutional Investors Weigh On Home Bancorp

A number of hedge funds have recently made changes to their position in the business. Goldman Sachs Group Inc. boosted its stake in Home Bancor by 61.2% in the second quarter. Goldman Sachs Group Inc. now owns 67,151 shares of the bank’s stock valued at $2,292,000 after buying an additional 25,482 shares during the period. Malta Capital Management LLC boosted its stake in shares of Home Bancorp by 10.2% during the second quarter. Malta Capital Management LLC now owns 95,753 shares of the bank’s stock worth $3,268,000 after purchasing an additional 8,880 shares during the period. Rhumbline Advisers boosted its stake in shares of Home Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 10,595 shares of the bank’s stock worth $362,000 after buying an additional 396 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Home Bancorp during the second quarter worth about $109,000. Finally, Russell Investments Group Ltd. raised its stake in shares of Home Bancorp by 7.9% during the second quarter. Russell Investments Group Ltd. now owns 34,379 shares of the bank’s stock valued at $1,171,000 after buying an additional 2,514 shares during the period. Institutional investors and hedge funds own 47.43% of the company.

About Home Bancorp

(get rank)

Home Bancorp, Inc operates as a bank holding company for Home Bank, a national association that provides a variety of banking products and services in Louisiana and Mississippi. It offers deposit products, including interest bearing and non-interest bearing checking, money market, savings, current and certificates of deposit accounts.

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