Home Bancorp (NASDAQ:HBCP) Cut to Hold at Zacks Research

Zacks Research downgraded shares of Home Bancorp (NASDAQ:HBCP) from a strong-buy rating to a hold rating in a research report report published on Monday,Zacks.com reports.

HBCP has been the subject of several other research reports. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a report on Friday, March 27th. Hovde Group lifted their price objective on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Home Bancorp presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.00.

Home Bancorp Trading Up 2.0%

Shares of Home Bancorp stock opened at $61.77 on Monday. Home Bancorp has a 1-year low of $39.59 and a 1-year high of $64.17. The company’s fifty day simple moving average is $60.35 and its 200-day simple moving average is $57.71. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $484.28 million, a PE ratio of 10.52 and a beta of 0.53.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a return on equity of 11.03% and a net margin of 22.01%.The firm had revenue of $38.05 million during the quarter, compared to analyst estimates of $33.73 million. As a group, equities analysts anticipate that Home Bancorp will post 4.78 earnings per share for the current year.

Home Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Monday, February 9th were paid a dividend of $0.31 per share. The ex-dividend date was Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Home Bancorp’s payout ratio is 21.12%.

Insiders Place Their Bets

In other news, Director Chris P. Rader bought 500 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The stock was bought at an average price of $59.50 per share, with a total value of $29,750.00. Following the acquisition, the director owned 17,714 shares of the company’s stock, valued at approximately $1,053,983. This represents a 2.90% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.90% of the company’s stock.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Home Bancorp in the second quarter worth about $46,000. Tower Research Capital LLC TRC lifted its holdings in Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares in the last quarter. Canton Hathaway LLC purchased a new position in Home Bancorp in the 3rd quarter worth approximately $118,000. Occudo Quantitative Strategies LP bought a new position in Home Bancorp in the 4th quarter worth approximately $202,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Home Bancorp in the 4th quarter worth approximately $208,000. 49.41% of the stock is owned by institutional investors.

Home Bancorp Company Profile

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.