Home Bancorp gets 'overweight' rating as Piper Sandler assumes coverage

Home Bancorp

21/02/2025 10:51

** Piper Sandler assumes coverage of community lender Home
Bancorp  HBCP.O  with an "overweight" rating and $60 PT, a 23.2%
upside to the stock's last close
    ** Brokerage says Louisiana-based HBCP has been trading at a
discount to its rivals over the past year, a gap it thinks
should narrow given the bank's above-peer profitability and
stable credit
    ** Adds that the bank should show stable progress in 2025,
and its expansion outside its home state should continue to pay
dividends over the longer term
    ** HBCP expanded into Houston with the 2022 acquisition of
Texan Bank in a $66.5 million deal
    ** One of three brokerages rate the stock "buy" and two
"hold"; their median PT is $55, according to data compiled by
LSEG
    ** HBCP stock up 5.4% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))