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

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

Several other equities research analysts have also commented on HBCP. Hovde Group boosted their target price on shares of Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Home Bancorp in a research note on Friday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Home Bancorp presently has a consensus rating of “Moderate Buy” and an average target price of $63.00.

Home Bancorp Stock Performance

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

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

Insider Buying and Selling at Home Bancorp

In related news, Director Chris P. Rader acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The stock was purchased at an average cost of $59.50 per share, for a total transaction of $29,750.00. Following the transaction, the director directly owned 17,714 shares of the company’s stock, valued at approximately $1,053,983. This trade represents a 2.90% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 7.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Home Bancorp

Several hedge funds have recently bought and sold shares of HBCP. Raymond James Financial Inc. purchased a new stake in shares of Home Bancorp in the second quarter valued at $46,000. Tower Research Capital LLC TRC boosted its stake in shares of Home Bancorp by 116.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,430 shares of the bank’s stock worth $74,000 after purchasing an additional 769 shares during the last quarter. Canton Hathaway LLC acquired a new stake in shares of Home Bancorp during the 3rd quarter worth about $118,000. Occudo Quantitative Strategies LP purchased a new stake in shares of Home Bancorp during the fourth quarter worth about $202,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Home Bancorp in the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 49.41% of the company’s stock.

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.