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

StockNews.com cut shares of Home Bancorp (NASDAQ:HBCPGet Rating) from a buy rating to a hold rating in a research report released on Monday morning.

Separately, Zacks Investment Research downgraded shares of Home Bancorp from a buy rating to a hold rating in a research report on Thursday, April 28th.

Shares of NASDAQ:HBCP opened at $36.83 on Monday. Home Bancorp has a 52 week low of $35.05 and a 52 week high of $45.73. The company’s 50 day moving average is $39.77 and its two-hundred day moving average is $40.94. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.07. The company has a market cap of $312.39 million, a PE ratio of 7.53 and a beta of 0.74.

Home Bancorp (NASDAQ:HBCPGet Rating) last posted its earnings results on Tuesday, April 26th. The bank reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.74 by ($0.21). Home Bancorp had a net margin of 34.21% and a return on equity of 11.92%. As a group, equities research analysts expect that Home Bancorp will post 4.08 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 20th. Investors of record on Monday, May 9th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Friday, May 6th. Home Bancorp’s dividend payout ratio (DPR) is 18.81%.

A number of institutional investors have recently modified their holdings of the business. Deutsche Bank AG grew its position in Home Bancorp by 5.2% during the 4th quarter. Deutsche Bank AG now owns 5,048 shares of the bank’s stock worth $210,000 after purchasing an additional 251 shares during the last quarter. Lazard Asset Management LLC grew its position in Home Bancorp by 70.7% during the 4th quarter. Lazard Asset Management LLC now owns 780 shares of the bank’s stock worth $32,000 after purchasing an additional 323 shares during the last quarter. Royal Bank of Canada grew its position in Home Bancorp by 10.8% during the 3rd quarter. Royal Bank of Canada now owns 4,015 shares of the bank’s stock worth $156,000 after purchasing an additional 392 shares during the last quarter. Spire Wealth Management grew its position in Home Bancorp by 0.5% during the 4th quarter. Spire Wealth Management now owns 86,287 shares of the bank’s stock worth $3,582,000 after purchasing an additional 452 shares during the last quarter. Finally, Citigroup Inc. grew its position in Home Bancorp by 140.1% during the 3rd quarter. Citigroup Inc. now owns 874 shares of the bank’s stock worth $34,000 after purchasing an additional 510 shares during the last quarter. 47.43% of the stock is currently owned by institutional investors.

Home Bancorp Company Profile (Get Rating)

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana and Mississippi. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.

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