Home Bancorp, Inc. (NASDAQ:HBCP) Stock Rating Lowered by BidaskClub
BidaskClub lowered shares of Home Bancorp, Inc. (NASDAQ:HBCP) from a sell rating to a strong sell rating in a report published on Saturday morning.
Other equities analysts have also issued research reports about the company. Zacks Investment Research raised Home Bancorp from a hold rating to a buy rating and set a $46.00 price objective for the company in a research note on Thursday, July 27th. Raymond James Financial, Inc. lowered Home Bancorp from an outperform rating to a market perform rating in a research note on Wednesday, July 26th. Finally, UBS AG lowered Home Bancorp from an outperform rating to a market perform rating in a research note on Wednesday, July 26th.
Shares of Home Bancorp (NASDAQ:HBCP) opened at 39.09 on Friday. Home Bancorp has a 12 month low of $27.00 and a 12 month high of $47.20. The stock’s 50 day moving average price is $41.49 and its 200-day moving average price is $36.92. The company has a market cap of $289.31 million, a P/E ratio of 15.51 and a beta of 0.11.
Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data on Tuesday, July 25th. The bank reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The firm had revenue of $18.06 million during the quarter, compared to analyst estimates of $18.32 million. Home Bancorp had a return on equity of 10.06% and a net margin of 23.05%. Equities research analysts expect that Home Bancorp will post $2.57 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Thursday, August 3rd. Home Bancorp’s dividend payout ratio (DPR) is 22.22%.
A number of institutional investors have recently made changes to their positions in the stock. Thomson Horstmann & Bryant Inc. raised its position in shares of Home Bancorp by 54.4% in the first quarter. Thomson Horstmann & Bryant Inc. now owns 100,962 shares of the bank’s stock worth $3,407,000 after buying an additional 35,570 shares during the last quarter. Bowling Portfolio Management LLC purchased a new position in shares of Home Bancorp during the first quarter worth approximately $573,000. First Trust Advisors LP purchased a new position in shares of Home Bancorp during the second quarter worth approximately $687,000. Renaissance Technologies LLC raised its position in shares of Home Bancorp by 9.2% in the first quarter. Renaissance Technologies LLC now owns 150,100 shares of the bank’s stock worth $5,066,000 after buying an additional 12,600 shares during the last quarter. Finally, Spark Investment Management LLC purchased a new position in shares of Home Bancorp during the first quarter worth approximately $320,000. 78.70% of the stock is owned by institutional investors.
About Home Bancorp
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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