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

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

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

Home Bancorp Stock Performance

HBCP stock opened at $48.35 on Friday. Home Bancorp has a one year low of $33.30 and a one year high of $52.39. The firm has a market cap of $390.67 million, a price-to-earnings ratio of 10.95 and a beta of 0.68. 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 firm has a 50-day simple moving average of $45.06 and a two-hundred day simple moving average of $41.50.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.21. The company had revenue of $34.07 million during 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%. On average, equities analysts forecast that Home Bancorp will post 4.48 EPS for the current fiscal 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 issued a $0.26 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.15%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. Home Bancorp’s dividend payout ratio (DPR) is currently 23.06%.

Institutional Investors Weigh In On Home Bancorp

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets raised its stake 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 acquiring an additional 1,009 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Home Bancorp in the third quarter valued at about $110,000. Barclays PLC increased its holdings in shares of Home Bancorp by 287.9% in 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 during the period. 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 purchasing an additional 400 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Home Bancorp by 29.3% during the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock worth $875,000 after purchasing an additional 5,177 shares during the period. 49.41% of the stock is owned by hedge funds and other institutional investors.

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.