Home Bancorp price target raised to $62 from $52 at Raymond James

Raymond James raised the firm’s price target on Home Bancorp (HBCP) to $62 from $52 and keeps an Outperform rating on the shares. Home Bancorp’s Q2 results exceeded expectations on an EPS and pre-provision net revenue basis, with the broad-based beat featuring bigger than expected net interest margin expansion, fueling net interest income above expectations, the analyst tells investors in a research note.