Home Bancorp (NASDAQ:HBCP) Lowered to Hold Rating by Zacks Research

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

A number of other brokerages also recently issued reports on HBCP. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research report on Friday. Hovde Group lifted their price objective on Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Home Bancorp currently has an average rating of “Moderate Buy” and a consensus price target of $63.00.

Home Bancorp Stock Performance

NASDAQ HBCP opened at $60.58 on Monday. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $474.70 million, a P/E ratio of 10.32 and a beta of 0.58. Home Bancorp has a 12-month low of $39.59 and a 12-month high of $64.17. The firm has a 50-day moving average price of $60.38 and a two-hundred day moving average price of $57.69.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 26th. The bank reported $1.46 EPS for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. The company had revenue of $38.05 million for the quarter, compared to analysts’ expectations of $33.73 million. Analysts anticipate that Home Bancorp will post 4.78 earnings per share for the current year.

Insider Activity at Home Bancorp

In other news, Director Chris P. Rader purchased 500 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was bought at an average price of $59.50 per share, with a total value of $29,750.00. Following the acquisition, the director owned 17,714 shares in the company, valued at approximately $1,053,983. The trade was a 2.90% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 7.90% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in HBCP. Royal Bank of Canada increased its stake in Home Bancorp by 11.8% in the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank’s stock valued at $258,000 after acquiring an additional 607 shares during the last quarter. AQR Capital Management LLC lifted its stake in Home Bancorp by 80.7% during the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank’s stock worth $549,000 after purchasing an additional 5,476 shares during the last quarter. Empowered Funds LLC lifted its stake in Home Bancorp by 7.3% during the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank’s stock worth $1,512,000 after purchasing an additional 2,301 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Home Bancorp in the 1st quarter valued at $612,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Home Bancorp by 9.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,669 shares of the bank’s stock valued at $1,122,000 after purchasing an additional 1,878 shares during the last quarter. 49.41% of the stock is owned by institutional investors.

Home Bancorp Company Profile

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.