Home Bancorp (NASDAQ:HBCP) Cut to Hold at Zacks Research

Home Bancorp (NASDAQ:HBCP) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Home Bancorp in a research note on Monday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.50.

Home Bancorp Stock Performance

Shares of HBCP stock opened at $59.48 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s 50 day moving average price is $55.70 and its 200-day moving average price is $54.56. Home Bancorp has a one year low of $39.59 and a one year high of $62.15. The firm has a market cap of $465.73 million, a P/E ratio of 10.58 and a beta of 0.59.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, October 20th. The bank reported $1.59 EPS for the quarter, topping the consensus estimate of $1.37 by $0.22. The business had revenue of $37.84 million during the quarter, compared to analyst estimates of $33.33 million. Home Bancorp had a return on equity of 10.87% and a net margin of 21.32%.During the same period last year, the business posted $1.18 earnings per share. As a group, equities research analysts predict that Home Bancorp will post 4.78 EPS for the current year.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of HBCP. Raymond James Financial Inc. acquired a new stake in Home Bancorp in the second quarter valued at $46,000. Tower Research Capital LLC TRC increased its holdings in shares of Home Bancorp by 116.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock valued at $74,000 after acquiring an additional 769 shares during the last quarter. CWM LLC raised its position in shares of Home Bancorp by 31.1% during the 2nd quarter. CWM LLC now owns 1,713 shares of the bank’s stock worth $89,000 after acquiring an additional 406 shares in the last quarter. Canton Hathaway LLC purchased a new stake in Home Bancorp during the third quarter worth approximately $118,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in Home Bancorp in the second quarter valued at approximately $207,000. Institutional investors and hedge funds own 49.41% of the company’s stock.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.