Home Bancorp (NASDAQ:HBCP) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a research report sent to investors on Friday.

Several other equities research analysts have also recently issued reports on HBCP. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $53.00 to $54.50 in a report on Tuesday. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research note on Monday, October 21st.

Home Bancorp Price Performance

HBCP traded down $0.50 during trading on Friday, reaching $49.38. 14,212 shares of the company traded hands, compared to its average volume of 15,400. The company has a market cap of $398.99 million, a P/E ratio of 10.95 and a beta of 0.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.39. The firm has a fifty day simple moving average of $45.06 and a 200 day simple moving average of $41.42.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.21. The company had revenue of $34.07 million during the quarter, compared to analysts’ expectations of $33.10 million. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. On average, equities analysts forecast that Home Bancorp will post 4.48 EPS for the current year.

Home Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Monday, October 28th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.11%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, October 28th. Home Bancorp’s dividend payout ratio is currently 23.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its stake in shares of Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after purchasing an additional 1,874 shares during the last quarter. Barclays PLC raised its holdings in Home Bancorp by 287.9% during the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after buying an additional 6,785 shares during the period. State Street Corp lifted its position in Home Bancorp by 1.5% in the third quarter. State Street Corp now owns 156,752 shares of the bank’s stock worth $6,988,000 after buying an additional 2,269 shares during the last quarter. Martingale Asset Management L P lifted its position in 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 last quarter. Finally, Crawford Fund Management LLC boosted its stake in Home Bancorp by 48.3% during the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock worth $4,068,000 after buying an additional 29,722 shares during the period. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.