Home Bancorp price target raised to $65 from $60 at Piper Sandler

Piper Sandler raised the firm’s price target on Home Bancorp (HBCP) to $65 from $60 and keeps an Overweight rating on the shares. The firm is increasing its 2025/2026’s estimates after the sizable Q1 beat and steady guidance from management. Piper thinks Home Bancorp remains a highly profitable small-cap bank that should continue to see steady net interest margin and EPS growth in a down rate environment. The firm sees meaningful upside in the shares from here and continues to favor this name in its small cap coverage.