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

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

Separately, Piper Sandler started coverage on Home Bancorp in a research note on Friday, February 21st. They issued an “overweight” rating and a $60.00 target price on the stock.

Home Bancorp Trading Down 3.2 %

NASDAQ:HBCP opened at $44.41 on Friday. Home Bancorp has a 52-week low of $33.30 and a 52-week high of $52.77. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $47.46 and a 200-day simple moving average of $46.63. The company has a market capitalization of $359.63 million, a PE ratio of 9.76 and a beta of 0.72.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter in the previous year, the company earned $1.17 earnings per share. On average, equities research analysts expect that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors have recently modified their holdings of the company. Empowered Funds LLC grew its stake in Home Bancorp by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 29,963 shares of the bank’s stock worth $1,336,000 after acquiring an additional 1,474 shares during the period. Summit Financial Wealth Advisors LLC boosted its holdings in shares of Home Bancorp by 12.6% during the third quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock worth $1,042,000 after purchasing an additional 2,622 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Home Bancorp by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after purchasing an additional 1,009 shares during the period. De Lisle Partners LLP grew its position in shares of Home Bancorp by 36.1% in the third quarter. De Lisle Partners LLP now owns 24,985 shares of the bank’s stock valued at $1,114,000 after purchasing an additional 6,626 shares during the period. Finally, Crawford Fund Management LLC increased its stake in Home Bancorp by 48.3% in the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock valued at $4,068,000 after purchasing an additional 29,722 shares during the last quarter. Institutional investors and hedge funds 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.