Home Bancorp (NASDAQ:HBCP) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

A number of other research firms have also recently issued reports on HBCP. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $53.00 to $54.50 in a report on Tuesday, November 12th. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st.

Home Bancorp Stock Performance

Shares of HBCP stock opened at $49.38 on Friday. The stock has a market cap of $398.99 million, a PE ratio of 10.95 and a beta of 0.68. The stock has a 50-day moving average of $45.06 and a 200-day moving average of $41.46. 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 one year low of $33.30 and a one year high of $52.39.

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

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, October 28th were given a dividend of $0.26 per share. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, October 28th. This represents a $1.04 annualized dividend and a dividend yield of 2.11%. Home Bancorp’s payout ratio is 23.06%.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors have recently added to or reduced their stakes in HBCP. Montz Harcus Wealth Management LLC acquired a new stake in Home Bancorp in the third quarter valued at $1,598,000. NewEdge Advisors LLC increased 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 buying an additional 76,812 shares during the last quarter. Vanguard Group Inc. raised its stake in Home Bancorp by 0.9% in the first quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock valued at $13,985,000 after buying an additional 3,414 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Home Bancorp by 8.0% in the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock valued at $1,438,000 after buying an additional 2,672 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of 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 during the last quarter. 49.41% of the stock is currently owned by institutional investors and hedge funds.

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.