Home Bancorp (NASDAQ:HBCP) Price Target Increased to $53.00 by Analysts at Hovde Group

Home Bancorp (NASDAQ:HBCP) had its price target upped by Hovde Group from $48.50 to $53.00 in a research note published on Monday, MarketBeat Ratings reports. They currently have an outperform rating on the bank’s stock.

Separately, 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 research note on Monday.

Home Bancorp Price Performance

HBCP opened at $46.47 on Monday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.25. Home Bancorp has a 52-week low of $33.00 and a 52-week high of $48.96. The company has a 50 day moving average of $43.12 and a two-hundred day moving average of $39.91. The company has a market cap of $377.71 million, a P/E ratio of 9.80 and a beta of 0.69.

Home Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, October 28th will be given a dividend of $0.26 per share. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Monday, October 28th. Home Bancorp’s payout ratio is presently 21.94%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its position in shares of Home Bancorp by 2.1% during the second 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 in the last quarter. Vanguard Group Inc. raised its holdings in Home Bancorp by 0.9% in 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. NewEdge Advisors LLC raised its holdings in Home Bancorp by 120.9% in the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after acquiring an additional 76,812 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in 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 acquiring an additional 2,672 shares in the last quarter. Finally, Montz Harcus Wealth Management LLC acquired a new stake in Home Bancorp in the third quarter valued at $1,598,000. 49.41% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

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.