Home Bancorp (NASDAQ:HBCP) Cut to “Hold” at StockNews.com

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

A number of other research firms have also recently commented on HBCP. Hovde Group cut Home Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th. Piper Sandler initiated coverage on shares of Home Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $60.00 price objective on the stock.

Home Bancorp Trading Up 0.0 %

NASDAQ:HBCP opened at $47.16 on Tuesday. The firm has a market capitalization of $380.86 million, a P/E ratio of 10.36 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. Home Bancorp has a one year low of $33.30 and a one year high of $52.77. The company’s 50-day simple moving average is $47.60 and its 200 day simple moving average is $46.29.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, January 27th. The bank reported $1.21 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period in the previous year, the company posted $1.17 EPS. As a group, analysts forecast that Home Bancorp will post 4.78 EPS for the current fiscal year.

Home Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend was Monday, February 10th. Home Bancorp’s dividend payout ratio is presently 23.74%.

Institutional Investors Weigh In On Home Bancorp

Several large investors have recently bought and sold shares of HBCP. Picton Mahoney Asset Management boosted its holdings in shares of Home Bancorp by 100.7% during the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after acquiring an additional 296 shares during the last quarter. Two Sigma Advisers LP lifted its position in Home Bancorp by 3.6% during the fourth quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank’s stock valued at $402,000 after purchasing an additional 300 shares during the period. Martingale Asset Management L P boosted its holdings 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 purchasing an additional 400 shares during the last quarter. Nuveen Asset Management LLC grew its position in Home Bancorp by 2.4% in the 4th quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank’s stock worth $840,000 after purchasing an additional 418 shares during the period. Finally, SG Americas Securities LLC raised its stake 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 buying an additional 668 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.

Home Bancorp Company Profile

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.