Zacks Investment Research lowered shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a sell rating in a research note released on Thursday.

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. “

HBCP has been the topic of several other reports. BidaskClub upgraded shares of Home Bancorp from a hold rating to a buy rating in a research report on Friday, July 6th. ValuEngine cut shares of Home Bancorp from a hold rating to a sell rating in a research report on Wednesday, September 12th.

Home Bancorp stock traded down $0.03 during midday trading on Thursday, hitting $39.33. The company’s stock had a trading volume of 9,996 shares, compared to its average volume of 11,720. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.23. Home Bancorp has a 12 month low of $34.12 and a 12 month high of $48.47. The stock has a market cap of $372.08 million, a PE ratio of 11.11 and a beta of 0.06.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.89 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.02). Home Bancorp had a return on equity of 11.17% and a net margin of 24.90%. The business had revenue of $26.85 million during the quarter, compared to the consensus estimate of $26.41 million. On average, equities analysts predict that Home Bancorp will post 3.55 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Monday, November 5th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.03%. The ex-dividend date is Friday, November 2nd. This is an increase from Home Bancorp’s previous quarterly dividend of $0.19. Home Bancorp’s payout ratio is presently 27.44%.

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