Home Bancorp (NASDAQ:HBCP) Raised to Outperform at Raymond James

Home Bancorp (NASDAQ:HBCP) was upgraded by investment analysts at Raymond James from a “market perform” rating to an “outperform” rating in a report released on Monday, Briefing.com reports. The brokerage currently has a $50.00 target price on the bank’s stock. Raymond James’ price objective points to a potential upside of 11.36% from the stock’s current price.

Separately, Hovde Group increased their target price on shares of Home Bancorp from $45.00 to $48.50 and gave the company an “outperform” rating in a research note on Friday, July 19th.

Home Bancorp Price Performance

Shares of Home Bancorp stock opened at $44.90 on Monday. The stock has a market cap of $364.95 million, a price-to-earnings ratio of 9.47 and a beta of 0.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average price of $42.70 and a 200-day moving average price of $39.73. Home Bancorp has a one year low of $33.00 and a one year high of $45.44.

Institutional Trading of Home Bancorp

A number of large investors have recently made changes to their positions in the stock. NewEdge Advisors LLC boosted its position in Home Bancorp by 120.9% in the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after buying an additional 76,812 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Home Bancorp by 8.0% in 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 purchasing an additional 2,672 shares during the period. Dimensional Fund Advisors LP increased its holdings in Home Bancorp by 2.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after purchasing an additional 8,219 shares during the period. Finally, BNP Paribas Financial Markets raised its position in Home Bancorp by 531.8% during the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock valued at $471,000 after purchasing an additional 10,344 shares in the last quarter. 49.41% of the stock is owned by hedge funds and other 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.