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

Home Bancorp (NASDAQ:HBCP – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Sunday.

Home Bancorp Price Performance

Shares of NASDAQ:HBCP opened at $31.86 on Friday. Home Bancorp has a twelve month low of $31.86 and a twelve month high of $43.45. The stock’s 50 day moving average is $38.49 and its 200-day moving average is $39.88. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $264.12 million, a price-to-earnings ratio of 7.66 and a beta of 0.67.

Home Bancorp (NASDAQ:HBCP – Get Rating) last released its quarterly earnings data on Tuesday, January 24th. The bank reported $1.32 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.06). The business had revenue of $39.93 million for the quarter, compared to analyst estimates of $36.90 million. Home Bancorp had a return on equity of 11.85% and a net margin of 24.37%. Sell-side analysts forecast that Home Bancorp will post 5.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. FJ Capital Management LLC grew its stake in shares of Home Bancorp by 3.3% in the 4th quarter. FJ Capital Management LLC now owns 664,027 shares of the bank’s stock worth $26,581,000 after acquiring an additional 21,027 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Home Bancorp by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 362,882 shares of the bank’s stock valued at $14,527,000 after buying an additional 4,900 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Home Bancorp by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 153,473 shares of the bank’s stock worth $6,260,000 after purchasing an additional 7,100 shares in the last quarter. State Street Corp grew its stake in Home Bancorp by 6.3% during the first quarter. State Street Corp now owns 153,411 shares of the bank’s stock valued at $6,258,000 after acquiring an additional 9,049 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Home Bancorp by 3.4% in the 4th quarter. Geode Capital Management LLC now owns 138,071 shares of the bank’s stock valued at $5,526,000 after purchasing an additional 4,604 shares during the period. 39.09% of the stock is owned by hedge funds and other institutional investors.

About Home Bancorp

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Home Bancorp, Inc operates as a bank holding company. Its subsidiary, Home Bank, N.A., offers a full range of deposit and loan products through banking centers in South Louisiana and Western Mississippi. The company was founded in 2008 and is headquartered in Lafayette, LA.