Home Bancorp (NASDAQ:HBCP) Upgraded by Raymond James to Outperform

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

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

Home Bancorp Price Performance

NASDAQ HBCP opened at $44.90 on Monday. The company has a market cap of $364.95 million, a PE ratio of 9.47 and a beta of 0.69. The firm’s 50 day moving average price is $42.70 and its 200-day moving average price is $39.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp has a 52-week low of $33.00 and a 52-week high of $45.44.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Home Bancorp during the third quarter valued at approximately $110,000. BNP Paribas Financial Markets lifted its holdings in shares of 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 during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Home Bancorp by 29.3% during the 1st quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after purchasing an additional 5,177 shares during the last quarter. Empowered Funds LLC boosted its position in shares of Home Bancorp by 7.8% in the 1st quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock worth $1,016,000 after purchasing an additional 1,925 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in Home Bancorp by 8.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after buying an additional 2,672 shares during the last quarter. Institutional investors own 49.41% of the company’s stock.

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.