Home Bancorp (NASDAQ:HBCP) Cut 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 note released on Friday.

HBCP has been the topic of several other reports. Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Monday, October 21st. Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th.

Home Bancorp Trading Down 2.1 %

HBCP stock opened at $48.35 on Friday. Home Bancorp has a twelve month low of $33.30 and a twelve month high of $52.39. The stock has a market capitalization of $390.67 million, a price-to-earnings ratio of 10.95 and a beta of 0.68. 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 firm’s fifty day simple moving average is $45.06 and its two-hundred day simple moving average is $41.50.

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

Home Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.26 per share. The ex-dividend date was Monday, October 28th. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.15%. Home Bancorp’s dividend payout ratio (DPR) is 23.06%.

Institutional Trading of Home Bancorp

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after purchasing an additional 1,009 shares during the period. SG Americas Securities LLC bought a new position in shares of Home Bancorp during the 3rd quarter worth $110,000. Barclays PLC increased its stake 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 buying an additional 6,785 shares during the period. Martingale Asset Management L P increased its stake in shares of Home Bancorp by 2.9% during the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after buying an additional 400 shares during the period. Finally, Kennedy Capital Management LLC raised its holdings in shares of Home Bancorp by 29.3% in the first quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock valued at $875,000 after acquiring an additional 5,177 shares in the last quarter. 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.