Home Bancorp (NASDAQ:HBCP) Upgraded by DA Davidson to Buy

Home Bancorp (NASDAQ:HBCPGet Rating) was upgraded by equities research analysts at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The firm currently has a $44.50 price target on the bank’s stock. DA Davidson’s price target would suggest a potential upside of 29.40% from the stock’s previous close. The analysts noted that the move was a valuation call.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Home Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, May 26th. Zacks Investment Research downgraded Home Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, April 28th.

Shares of NASDAQ:HBCP opened at $34.39 on Wednesday. The company has a market cap of $287.16 million, a P/E ratio of 7.03 and a beta of 0.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.92 and a current ratio of 0.92. Home Bancorp has a one year low of $33.16 and a one year high of $45.73. The business’s 50-day simple moving average is $37.91 and its 200 day simple moving average is $40.00.

Home Bancorp (NASDAQ:HBCPGet Rating) last announced its earnings results on Tuesday, April 26th. The bank reported $0.53 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.21). Home Bancorp had a net margin of 34.21% and a return on equity of 11.99%. Analysts predict that Home Bancorp will post 4.11 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of HBCP. Goldman Sachs Group Inc. boosted its position in Home Bancorp by 88.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 41,737 shares of the bank’s stock valued at $1,733,000 after purchasing an additional 19,635 shares during the period. Millennium Management LLC acquired a new position in Home Bancorp during the 4th quarter valued at approximately $630,000. Dimensional Fund Advisors LP boosted its position in Home Bancorp by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 321,890 shares of the bank’s stock worth $13,130,000 after acquiring an additional 13,421 shares during the period. JPMorgan Chase & Co. boosted its position in Home Bancorp by 300.6% during the 4th quarter. JPMorgan Chase & Co. now owns 13,676 shares of the bank’s stock worth $568,000 after acquiring an additional 10,262 shares during the period. Finally, State Street Corp boosted its position in Home Bancorp by 6.3% during the 1st quarter. State Street Corp now owns 153,411 shares of the bank’s stock worth $6,258,000 after acquiring an additional 9,049 shares during the period. Institutional investors and hedge funds own 47.43% of the company’s stock.

About Home Bancorp (Get Rating)

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.

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