Home Bancorp (NASDAQ:HBCP) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a report published on Wednesday.

Other research analysts have also issued research reports about the company. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research note on Monday, October 21st.

Home Bancorp Price Performance

HBCP stock opened at $47.57 on Wednesday. The stock has a market capitalization of $384.37 million, a price-to-earnings ratio of 10.55 and a beta of 0.71. The firm’s 50-day moving average price is $47.56 and its two-hundred day moving average price is $44.92. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.39.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its position in shares of Home Bancorp by 287.9% during the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after purchasing an additional 6,785 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares during the period. Montz Harcus Wealth Management LLC bought a new stake in shares of Home Bancorp during the 3rd quarter valued at $1,598,000. NewEdge Advisors LLC grew its position in shares of Home Bancorp by 120.9% in the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock worth $5,615,000 after buying an additional 76,812 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after acquiring an additional 1,874 shares in 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.