Home Bancorp assumed with an Overweight at Piper Sandler

Piper Sandler assumed coverage of Home Bancorp (HBCP) with an Overweight rating and $60 price target While Louisiana s banks seem to trade at a bit of a discount over time, Home Bancorp should show stable progress in 2025 and its expansion outside of the state will continue to pay dividends over the longer term, the analyst tells investors in a research note. The firm cites the bank’s above-peer profitability and discounted valuation multiple for the Overweight rating.