Home Bancorp (NASDAQ:HBCP) Downgraded to Hold Rating by StockNews.com

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 research firms also recently commented on HBCP. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research report on Monday, October 21st. Hovde Group downgraded shares of Home Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $53.00 to $54.50 in a report on Tuesday.

Home Bancorp Price Performance

Shares of Home Bancorp stock opened at $49.88 on Friday. The company has a market capitalization of $403.03 million, a price-to-earnings ratio of 11.06 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 stock’s 50-day simple moving average is $44.75 and its 200-day simple moving average is $41.26. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share (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 company had revenue of $34.07 million for the quarter, compared to the consensus estimate of $33.10 million. As a group, analysts expect that Home Bancorp will post 4.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Home Bancorp

Several large investors have recently added to or reduced their stakes in HBCP. BNP Paribas Financial Markets increased its position in Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after acquiring an additional 1,009 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Home Bancorp in the third quarter worth approximately $110,000. Martingale Asset Management L P raised its holdings in shares of Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after buying an additional 400 shares during the period. Kennedy Capital Management LLC lifted 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 during the last quarter. Finally, Summit Financial Wealth Advisors LLC boosted its holdings in Home Bancorp by 12.6% during the 3rd quarter. Summit Financial Wealth Advisors LLC now owns 23,374 shares of the bank’s stock valued at $1,042,000 after acquiring an additional 2,622 shares during the period. 49.41% of the stock is owned by 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.