Home Bancorp (NASDAQ:HBCP) Raised to Hold at BidaskClub

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BidaskClub upgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a hold rating in a research note published on Thursday morning, BidAskClub reports.

Other equities analysts have also issued reports about the company. Zacks Investment Research lowered Home Bancorp from a strong-buy rating to a hold rating in a research report on Friday, September 6th. Raymond James upgraded Home Bancorp from a market perform rating to an outperform rating and set a $40.00 price objective for the company in a research report on Wednesday, July 24th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Home Bancorp presently has a consensus rating of Hold and an average target price of $40.50.

Home Bancorp stock opened at $40.16 on Thursday. The firm has a market capitalization of $375.25 million, a P/E ratio of 12.02 and a beta of 0.37. Home Bancorp has a 1 year low of $32.59 and a 1 year high of $44.50. The business has a 50-day moving average of $36.90 and a 200-day moving average of $36.26. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Tuesday, July 23rd. The bank reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The company had revenue of $24.85 million for the quarter, compared to analyst estimates of $24.92 million. Home Bancorp had a return on equity of 10.09% and a net margin of 26.56%. Research analysts anticipate that Home Bancorp will post 3.13 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were given a $0.21 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.84 annualized dividend and a dividend yield of 2.09%. Home Bancorp’s dividend payout ratio is presently 23.60%.

In related news, CFO Joseph B. Zanco sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $37.68, for a total value of $226,080.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Maraist sold 1,950 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $37.50, for a total value of $73,125.00. The disclosure for this sale can be found here. Insiders sold a total of 8,000 shares of company stock valued at $301,093 over the last quarter. 12.40% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its stake in Home Bancorp by 40.9% in the 4th quarter. Bank of America Corp DE now owns 6,720 shares of the bank’s stock valued at $238,000 after acquiring an additional 1,952 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Home Bancorp by 11.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 187,602 shares of the bank’s stock valued at $6,641,000 after acquiring an additional 19,872 shares in the last quarter. BNP Paribas Arbitrage SA lifted its stake in Home Bancorp by 517.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the bank’s stock valued at $54,000 after acquiring an additional 1,372 shares in the last quarter. SG Americas Securities LLC bought a new stake in Home Bancorp in the 1st quarter valued at approximately $122,000. Finally, Victory Capital Management Inc. lifted its stake in Home Bancorp by 11.9% in the 1st quarter. Victory Capital Management Inc. now owns 37,574 shares of the bank’s stock valued at $1,249,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 37.37% 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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