Zacks Research Downgrades Home Bancorp (NASDAQ:HBCP) to Hold

Home Bancorp (NASDAQ:HBCP) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a report on Monday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Home Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $59.50.

Home Bancorp Stock Performance

Home Bancorp stock opened at $59.48 on Monday. Home Bancorp has a twelve month low of $39.59 and a twelve month high of $62.15. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The firm has a fifty day simple moving average of $55.70 and a two-hundred day simple moving average of $54.56. The company has a market capitalization of $465.73 million, a PE ratio of 10.58 and a beta of 0.59.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, October 20th. The bank reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.22. The business had revenue of $37.84 million for the quarter, compared to analyst estimates of $33.33 million. Home Bancorp had a return on equity of 10.87% and a net margin of 21.32%.During the same period last year, the company earned $1.18 EPS. Research analysts expect that Home Bancorp will post 4.78 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new stake in Home Bancorp during the second quarter worth about $46,000. Tower Research Capital LLC TRC lifted its holdings in shares of Home Bancorp by 116.3% during the second quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after purchasing an additional 769 shares during the last quarter. CWM LLC boosted its position in shares of Home Bancorp by 31.1% in the 2nd quarter. CWM LLC now owns 1,713 shares of the bank’s stock worth $89,000 after purchasing an additional 406 shares in the last quarter. Canton Hathaway LLC bought a new stake in shares of Home Bancorp in the 3rd quarter worth approximately $118,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in shares of Home Bancorp in the 2nd quarter worth approximately $207,000. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.