Home Bancorp (NASDAQ:HBCP) Downgraded by StockNews.com to Hold

Home Bancorp (NASDAQ:HBCP) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other equities research analysts have also recently issued reports on HBCP. Hovde Group cut shares of Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $53.00 to $54.50 in a report on Tuesday. Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st.

Home Bancorp Trading Down 0.7 %

Shares of NASDAQ:HBCP opened at $49.88 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. Home Bancorp has a 1 year low of $33.30 and a 1 year high of $52.39. The company has a market cap of $403.03 million, a P/E ratio of 11.06 and a beta of 0.68. The stock’s fifty day moving average price is $44.75 and its 200-day moving average price is $41.26.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.21. The business had revenue of $34.07 million for the quarter, compared to analysts’ expectations of $33.10 million. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. Sell-side analysts expect that Home Bancorp will post 4.48 earnings per share for the current year.

Institutional Investors Weigh In On Home Bancorp

A number of hedge funds have recently modified their holdings of HBCP. BNP Paribas Financial Markets raised its holdings in Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after purchasing an additional 1,009 shares during the period. SG Americas Securities LLC purchased a new stake in Home Bancorp in the third quarter worth about $110,000. Martingale Asset Management L P raised its stake in shares of Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after buying an additional 400 shares during the period. Kennedy Capital Management LLC lifted its position in shares of Home Bancorp by 29.3% during the 1st quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after buying an additional 5,177 shares in the last quarter. Finally, Summit Financial Wealth Advisors LLC lifted its position in shares of Home Bancorp by 12.6% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock valued at $1,042,000 after buying an additional 2,622 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.