Home Bancorp (NASDAQ:HBCP) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a report published on Tuesday.

HBCP has been the subject of a number of other reports. Piper Sandler initiated coverage on shares of Home Bancorp in a research note on Friday, February 21st. They set an “overweight” rating and a $60.00 price target for the company. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

Home Bancorp Price Performance

Shares of Home Bancorp stock opened at $47.16 on Tuesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp has a 12 month low of $33.30 and a 12 month high of $52.77. The stock has a 50 day moving average of $47.60 and a 200 day moving average of $46.29. The firm has a market cap of $380.86 million, a PE ratio of 10.36 and a beta of 0.71.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter in the previous year, the business posted $1.17 EPS. On average, research analysts expect that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Monday, February 10th were issued a dividend of $0.27 per share. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp’s dividend payout ratio (DPR) is presently 23.74%.

Institutional Investors Weigh In On Home Bancorp

Several hedge funds have recently made changes to their positions in HBCP. Picton Mahoney Asset Management lifted its stake in Home Bancorp by 100.7% in the fourth quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock worth $27,000 after acquiring an additional 296 shares during the period. Tower Research Capital LLC TRC raised its stake in Home Bancorp by 247.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock worth $61,000 after buying an additional 942 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in Home Bancorp by 73.8% during the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock worth $106,000 after buying an additional 1,009 shares during the period. SG Americas Securities LLC boosted its position in Home Bancorp by 27.2% during the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after acquiring an additional 668 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new position in shares of Home Bancorp in the 4th quarter worth approximately $180,000. 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.