Home Bancorp (NASDAQ:HBCP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday.

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. “

Other equities research analysts have also recently issued research reports about the company. BidaskClub upgraded Home Bancorp from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. ValuEngine cut Home Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.

NASDAQ:HBCP traded up $0.31 during trading hours on Monday, reaching $38.38. 12,000 shares of the company traded hands, compared to its average volume of 19,649. The stock has a market cap of $360.91 million, a PE ratio of 13.86 and a beta of 0.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 0.97. Home Bancorp has a 1-year low of $34.12 and a 1-year high of $48.47.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Tuesday, October 23rd. The bank reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Home Bancorp had a net margin of 24.90% and a return on equity of 11.05%. The company had revenue of $26.85 million for the quarter, compared to analyst estimates of $26.41 million. As a group, equities research analysts predict that Home Bancorp will post 3.55 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC boosted its holdings in shares of Home Bancorp by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 4,791 shares of the bank’s stock worth $208,000 after purchasing an additional 1,705 shares during the last quarter. Mackay Shields LLC acquired a new stake in shares of Home Bancorp during the second quarter worth $214,000. Russell Investments Group Ltd. boosted its holdings in shares of Home Bancorp by 53.2% during the second 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Home Bancorp by 33.0% during the first quarter. JPMorgan Chase & Co. now owns 7,056 shares of the bank’s stock worth $305,000 after purchasing an additional 1,750 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of 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 buying an additional 2,475 shares during the period. Institutional investors and hedge funds own 39.09% of the company’s stock.

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.

Featured Story: Understanding Average Daily Trade Volume

Get a free copy of the Zacks research report on Home Bancorp (HBCP)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Home Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.