- The upcoming acquisition of Texan Bank will provide a much-needed boost to the total loan portfolio size. Outlook on organic loan growth is also positive.
- HBCP’s net interest income is moderately sensitive to interest rate changes.
- Cost savings from the acquisition will likely remain low because there is no overlap in HBCP and Texan Bank’s footprints.
- The December 2022 target price suggests a decent upside from the current market price. Further, HBCP is offering a modest dividend yield.
For further details see:
Home Bancorp: Upcoming Acquisition Likely To Have A Mixed Impact On Earnings This Year