Home Bancorp (HBCP) Upgraded by BidaskClub to “Sell”

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BidaskClub upgraded shares of Home Bancorp (NASDAQ:HBCP) from a strong sell rating to a sell rating in a report released on Friday morning.

A number of other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Home Bancorp from a buy rating to a hold rating in a research note on Wednesday. ValuEngine cut shares of Home Bancorp from a hold rating to a sell rating in a research note on Wednesday, September 12th.

Shares of HBCP traded down $0.94 during midday trading on Friday, reaching $40.77. The stock had a trading volume of 16,343 shares, compared to its average volume of 20,886. Home Bancorp has a one year low of $34.12 and a one year high of $48.47. The company has a market cap of $411.34 million, a PE ratio of 14.72 and a beta of 0.07. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.96.

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

Several hedge funds and other institutional investors have recently bought and sold shares of HBCP. Mackay Shields LLC acquired a new stake in Home Bancorp in the 2nd quarter worth about $214,000. Russell Investments Group Ltd. raised its stake in Home Bancorp by 53.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 6,332 shares of the bank’s stock worth $295,000 after purchasing an additional 2,200 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Home Bancorp by 33.0% in the 1st quarter. JPMorgan Chase & Co. now owns 7,056 shares of the bank’s stock worth $305,000 after purchasing an additional 1,750 shares in the last quarter. Rhumbline Advisers raised its stake in Home Bancorp by 48.3% in the 2nd quarter. Rhumbline Advisers now owns 7,599 shares of the bank’s stock worth $354,000 after purchasing an additional 2,475 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Home Bancorp by 13.3% in the 1st quarter. Wells Fargo & Company MN now owns 10,104 shares of the bank’s stock worth $437,000 after purchasing an additional 1,188 shares in the last quarter. Institutional investors own 38.96% of the company’s stock.

About Home Bancorp

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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