Home Bancorp (HBCP) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research cut shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a report published on Wednesday morning.

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. “

Several other research firms have also recently issued reports on HBCP. BidaskClub raised Home Bancorp from a sell rating to a hold rating in a research note on Tuesday, August 21st. ValuEngine cut Home Bancorp from a hold rating to a sell rating in a research note on Wednesday, September 12th.

Home Bancorp stock traded down $0.94 during trading hours on Wednesday, reaching $40.77. The company had a trading volume of 16,343 shares, compared to its average volume of 20,886. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $411.34 million, a P/E ratio of 14.72 and a beta of 0.07. Home Bancorp has a 12-month low of $34.12 and a 12-month high of $48.47.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Thursday, July 26th. The bank reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.10. Home Bancorp had a return on equity of 10.63% and a net margin of 23.13%. The business had revenue of $26.68 million for the quarter, compared to analysts’ expectations of $25.73 million. Sell-side analysts expect that Home Bancorp will post 3.57 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Home Bancorp by 37.1% during the second quarter. BlackRock Inc. now owns 388,382 shares of the bank’s stock valued at $18,080,000 after buying an additional 105,135 shares during the period. Renaissance Technologies LLC increased its stake in shares of Home Bancorp by 11.5% during the second quarter. Renaissance Technologies LLC now owns 235,300 shares of the bank’s stock valued at $10,953,000 after buying an additional 24,200 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Home Bancorp by 27.2% during the second quarter. Dimensional Fund Advisors LP now owns 145,472 shares of the bank’s stock valued at $6,772,000 after buying an additional 31,126 shares during the period. Northern Trust Corp increased its stake in shares of Home Bancorp by 18.3% during the second quarter. Northern Trust Corp now owns 91,323 shares of the bank’s stock valued at $4,251,000 after buying an additional 14,155 shares during the period. Finally, Ahrens Investment Partners LLC increased its stake in shares of Home Bancorp by 9.5% during the second quarter. Ahrens Investment Partners LLC now owns 81,307 shares of the bank’s stock valued at $3,552,000 after buying an additional 7,040 shares during the period. 38.96% of the stock is currently owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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