The company has revealed that its Board of Directors has sanctioned a fresh initiative to buy back shares. This 2025 Repurchase Plan permits the acquisition of up to 400,000 shares, which constitutes roughly 5% of the company's total outstanding common stock. This new plan will take effect following the conclusion of the current 2023 Repurchase Plan.
As it stands, 138,315 shares remain eligible for repurchase under the 2023 program as of the end of March 2025. The plans are flexible and do not set specific price objectives for repurchases. The company may execute these transactions either on the open market or through privately-negotiated deals, contingent on prevailing market conditions and other considerations.
Furthermore, the repurchase strategies do not adhere to a predetermined timeline and can be paused or halted as deemed necessary. This approach provides the company with the agility to respond to shifting market conditions and uphold its financial strategy.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Home Bancorp Inc (HBCP, Financial) is $53.38 with a high estimate of $60.00 and a low estimate of $48.50. The average target implies an upside of 23.70% from the current price of $43.15. More detailed estimate data can be found on the Home Bancorp Inc (HBCP) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Home Bancorp Inc's (HBCP, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Home Bancorp Inc (HBCP, Financial) in one year is $40.59, suggesting a downside of 5.93% from the current price of $43.15. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Home Bancorp Inc (HBCP) Summary page.
