Home Bancorp (NASDAQ:HBCP) Downgraded to Hold Rating by Zacks Research

Zacks Research lowered shares of Home Bancorp (NASDAQ:HBCP) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research note on Friday. Hovde Group boosted their price objective on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Home Bancorp Stock Performance

Shares of NASDAQ:HBCP opened at $60.58 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.13. Home Bancorp has a 12 month low of $39.59 and a 12 month high of $64.17. The company has a market capitalization of $474.70 million, a price-to-earnings ratio of 10.32 and a beta of 0.58. The firm’s 50-day moving average is $60.38 and its 200 day moving average is $57.69.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Monday, January 26th. The bank reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The company had revenue of $38.05 million for the quarter, compared to analyst estimates of $33.73 million. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. Research analysts predict that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Monday, February 9th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.0%. Home Bancorp’s dividend payout ratio is presently 21.12%.

Insider Activity at Home Bancorp

In other news, Director Chris P. Rader acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the completion of the acquisition, the director directly owned 17,714 shares of the company’s stock, valued at $1,053,983. The trade was a 2.90% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its holdings in shares of Home Bancorp by 11.8% in the 1st quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after purchasing an additional 607 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of Home Bancorp by 80.7% during the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock valued at $549,000 after purchasing an additional 5,476 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Home Bancorp by 7.3% during the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock valued at $1,512,000 after purchasing an additional 2,301 shares in the last quarter. Jane Street Group LLC purchased a new position in Home Bancorp during the first quarter valued at approximately $612,000. Finally, JPMorgan Chase & Co. increased its holdings in Home Bancorp by 9.5% during the second quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after buying an additional 1,878 shares during the period. Hedge funds and other institutional investors own 49.41% of the company’s stock.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.