Home Bancorp (NASDAQ:HBCP) Cut to Market Perform at Hovde Group

Hovde Group lowered shares of Home Bancorp (NASDAQ:HBCP) from an outperform rating to a market perform rating in a research report released on Tuesday, Marketbeat.com reports. They currently have $54.50 price target on the bank’s stock, up from their previous price target of $53.00.

Other equities research analysts have also issued reports about the stock. StockNews.com raised shares of Home Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, November 7th. Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research note on Monday, October 21st.

Home Bancorp Stock Down 1.6 %

NASDAQ:HBCP traded down $0.82 during trading hours on Tuesday, reaching $49.06. The company’s stock had a trading volume of 5,138 shares, compared to its average volume of 15,359. The company has a market capitalization of $396.40 million, a P/E ratio of 11.25 and a beta of 0.68. Home Bancorp has a 12 month low of $33.30 and a 12 month high of $52.39. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day moving average price of $44.89 and a two-hundred day moving average price of $41.32.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The business had revenue of $34.07 million for the quarter, compared to analyst estimates of $33.10 million. Equities analysts predict that Home Bancorp will post 4.48 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Monday, October 28th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Monday, October 28th. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s dividend payout ratio (DPR) is 23.06%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Home Bancorp by 2.1% in the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after buying an additional 8,219 shares in the last quarter. Vanguard Group Inc. boosted its position in Home Bancorp by 0.9% during the first quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock worth $13,985,000 after acquiring an additional 3,414 shares during the last quarter. NewEdge Advisors LLC boosted its position in Home Bancorp by 120.9% during the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock worth $5,615,000 after acquiring an additional 76,812 shares during the last quarter. Crawford Fund Management LLC boosted its position in Home Bancorp by 48.3% during the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock worth $4,068,000 after acquiring an additional 29,722 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after purchasing an additional 2,672 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

About Home Bancorp

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.