Hovde Group Boosts Home Bancorp (NASDAQ:HBCP) Price Target to $53.00

Home Bancorp (NASDAQ:HBCP) had its price target increased by research analysts at Hovde Group from $48.50 to $53.00 in a research note issued to investors on Monday, Briefing.com reports. The brokerage currently has an “outperform” rating on the bank’s stock. Hovde Group’s price target points to a potential upside of 18.04% from the stock’s current price.

Separately, Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday.

Home Bancorp Stock Down 0.2 %

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

Institutional Trading of Home Bancorp

Several institutional investors have recently added to or reduced their stakes in HBCP. SG Americas Securities LLC purchased a new position in shares of Home Bancorp in the third quarter worth about $110,000. BNP Paribas Financial Markets increased its stake in Home Bancorp by 531.8% in the 1st quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock worth $471,000 after purchasing an additional 10,344 shares during the period. Kennedy Capital Management LLC lifted its position in Home Bancorp by 29.3% in the first 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 lifted its position in Home Bancorp by 7.8% in the first quarter. Empowered Funds LLC now owns 26,509 shares of the bank’s stock valued at $1,016,000 after purchasing an additional 1,925 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Home Bancorp by 8.0% during 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. 49.41% of the stock is currently 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.