Home Bancorp (NASDAQ:HBCP) Downgraded to “Market Perform” Rating by Hovde Group

Hovde Group downgraded shares of Home Bancorp (NASDAQ:HBCP) from an outperform rating to a market perform rating in a research note released on Tuesday, MarketBeat reports. They currently have $54.50 price target on the bank’s stock, up from their previous price target of $53.00.

Several other analysts have also recently weighed in on HBCP. StockNews.com raised Home Bancorp from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Raymond James upgraded Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Monday, October 21st.

Home Bancorp Trading Down 1.0 %

NASDAQ HBCP opened at $49.38 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp has a fifty-two week low of $33.30 and a fifty-two week high of $52.39. The stock has a market cap of $398.99 million, a P/E ratio of 10.95 and a beta of 0.68. The stock has a 50 day simple moving average of $45.06 and a two-hundred day simple moving average of $41.42.

Home Bancorp (NASDAQ:HBCP) last announced 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. The company had revenue of $34.07 million during the quarter, compared to analyst estimates of $33.10 million. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. On average, analysts forecast 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. Investors 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 annualized dividend and a yield of 2.11%. 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 Trading of Home Bancorp

A number of hedge funds have recently bought and sold shares of HBCP. Montz Harcus Wealth Management LLC purchased a new stake in Home Bancorp in the third quarter worth about $1,598,000. NewEdge Advisors LLC boosted its stake in 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 purchasing an additional 76,812 shares during the period. Vanguard Group Inc. grew its holdings in Home Bancorp by 0.9% during the 1st 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 in the last quarter. Bank of New York Mellon Corp lifted its holdings 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 worth $1,438,000 after buying an additional 2,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Home Bancorp by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after acquiring an additional 8,219 shares during the last quarter. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.