StockNews.com Downgrades Home Bancorp (NASDAQ:HBCP) to Hold

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

Several other equities research analysts 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 target for the company in a report on Monday, October 21st. Hovde Group downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $49.38 on Friday. Home Bancorp has a one year low of $33.30 and a one year high of $52.39. The stock has a market capitalization of $398.99 million, a price-to-earnings ratio of 10.95 and a beta of 0.68. The company has a 50-day simple moving average of $45.06 and a 200-day simple moving average of $41.42. 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 (NASDAQ:HBCP) last posted its quarterly earnings data on Thursday, October 17th. The bank reported $1.18 EPS for the quarter, beating the consensus estimate of $0.97 by $0.21. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. The firm had revenue of $34.07 million during the quarter, compared to the consensus estimate of $33.10 million. On average, analysts predict that Home Bancorp will post 4.48 EPS for the current year.

Institutional Investors Weigh In On Home Bancorp

Several institutional investors have recently made changes to their positions in HBCP. BNP Paribas Financial Markets lifted its stake in shares of Home Bancorp by 531.8% in the first quarter. BNP Paribas Financial Markets now owns 12,289 shares of the bank’s stock valued at $471,000 after purchasing an additional 10,344 shares during the period. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 3,414 shares during the period. Kennedy Capital Management LLC boosted its stake in shares of Home Bancorp by 29.3% during the 1st quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank’s stock worth $875,000 after acquiring an additional 5,177 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Home Bancorp by 8.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after acquiring an additional 2,672 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Home Bancorp by 2.1% in the 2nd 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 period. 49.41% of the stock is currently 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.