The stock of Home Bancorp, Inc. (NASDAQ:HBCP) hit a new 52-week high and has $94.57 target or 190.00% above today’s $32.61 share price. The 8 months bullish chart indicates low risk for the $243.10M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $94.57 price target is reached, the company will be worth $461.89M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 14,999 shares traded hands or 39.68% up from the average. Home Bancorp, Inc. (NASDAQ:HBCP) has risen 22.88% since April 15, 2016 and is uptrending. It has outperformed by 18.26% the S&P500.
According to Zacks Investment Research, “HOME BANCORP, INC. is a holding company for Home Bank. Home Bancorp has not commenced operations and has no assets. Home Bank is a federally chartered mutual savings bank. Home Bank is a community oriented savings bank offering a range of deposit and loan products, primarily to individuals, families and small to mid-sized businesses located in its market area as well as contiguous markets in south central Louisiana.”
More recent Home Bancorp, Inc. (NASDAQ:HBCP) news were published by: Prnewswire.com which released: “Home Bancorp Reports 2016 Third Quarter Results And Increases Its Quarterly …” on October 25, 2016. Also Nasdaq.com published the news titled: “Home Bancorp, Inc. (HBCP) Ex-Dividend Date Scheduled for November 03, 2016” on November 02, 2016. Theadvocate.com‘s news article titled: “Home Bancorp Inc. in Lafayette reports $4 million quarterly profit” with publication date: July 26, 2016 was also an interesting one.
HBCP Company Profile
Home Bancorp, Inc., incorporated on May 1, 2008, is a bank holding firm for Home Bank, N.A. (the Bank). The Bank conducts business through approximately 30 banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi. The Bank is engaged in attracting deposits from the general public and using those funds to invest in loans and securities. The Bank originates loans, including one- to four-family first mortgage loans, home equity loans and lines, construction and land loans, multi-family residential loans and consumer loans.
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