Home Bancorp (HBCP) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a hold rating in a research note published on Monday.

According to Zacks, “HOME BANCORP, INC. is a holding company for Home Bank. Home Bancorp has not commenced operations and has no assets. Home Bank is a federally chartered mutual savings bank. Home Bank is a community oriented savings bank offering a range of deposit and loan products, primarily to individuals, families and small to mid-sized businesses located in its market area as well as contiguous markets in south central Louisiana. “

Separately, Sandler O’Neill reiterated a hold rating and set a $46.00 price target on shares of Home Bancorp in a research note on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of $47.00.

Home Bancorp (NASDAQ:HBCP) traded up $0.11 during midday trading on Monday, reaching $42.86. 12,000 shares of the company’s stock were exchanged, compared to its average volume of 19,047. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $318.30, a price-to-earnings ratio of 17.03 and a beta of 0.12. Home Bancorp has a one year low of $32.52 and a one year high of $47.20.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Tuesday, October 24th. The bank reported $0.59 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.04). Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. The business had revenue of $18.25 million during the quarter, compared to analyst estimates of $18.54 million. research analysts anticipate that Home Bancorp will post 2.53 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Monday, November 6th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 3rd. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.31%. Home Bancorp’s dividend payout ratio (DPR) is 22.67%.

In other Home Bancorp news, insider John W. Bordelon sold 7,000 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.75, for a total transaction of $299,250.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John W. Bordelon sold 15,578 shares of the company’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $43.59, for a total transaction of $679,045.02. The disclosure for this sale can be found here. Insiders own 15.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of HBCP. State Street Corp grew its position in Home Bancorp by 40.4% during the second quarter. State Street Corp now owns 119,022 shares of the bank’s stock worth $5,063,000 after buying an additional 34,273 shares during the period. OxFORD Asset Management LLP acquired a new position in Home Bancorp during the second quarter worth about $839,000. Chicago Equity Partners LLC acquired a new position in Home Bancorp during the second quarter worth about $752,000. First Trust Advisors LP acquired a new position in Home Bancorp during the second quarter worth about $687,000. Finally, Goldman Sachs Group Inc. acquired a new position in Home Bancorp during the second quarter worth about $328,000. Institutional investors own 42.13% of the company’s stock.

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Home Bancorp Company Profile

Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.

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