Raymond James Financial, Inc. cut shares of Home Bancorp, Inc. (NASDAQ:HBCP) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday, Marketbeat.com reports.

HBCP has been the topic of several other research reports. Zacks Investment Research upgraded shares of Home Bancorp from a hold rating to a buy rating and set a $39.00 target price on the stock in a report on Thursday, April 27th. BidaskClub lowered shares of Home Bancorp from a buy rating to a hold rating in a report on Wednesday, July 19th. Finally, UBS AG lowered shares of Home Bancorp from an outperform rating to a market perform rating in a report on Wednesday.

Shares of Home Bancorp (NASDAQ HBCP) opened at 40.19 on Wednesday. The firm has a 50-day moving average price of $41.42 and a 200-day moving average price of $36.85. Home Bancorp has a 12 month low of $27.00 and a 12 month high of $47.20. The stock has a market cap of $297.45 million, a price-to-earnings ratio of 15.95 and a beta of 0.13.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.04. The company had revenue of $18.06 million for the quarter, compared to analyst estimates of $18.32 million. Home Bancorp had a net margin of 23.05% and a return on equity of 10.06%. Equities analysts expect that Home Bancorp will post $2.55 EPS for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 3rd. Home Bancorp’s dividend payout ratio (DPR) is 22.22%.

A number of large investors have recently added to or reduced their stakes in HBCP. Russell Investments Group Ltd. purchased a new stake in Home Bancorp during the fourth quarter valued at about $116,000. American International Group Inc. increased its stake in Home Bancorp by 6.7% in the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock valued at $119,000 after buying an additional 220 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in Home Bancorp during the fourth quarter valued at $171,000. Beese Fulmer Investment Management Inc. bought a new stake in Home Bancorp during the second quarter valued at $235,000. Finally, SG Americas Securities LLC bought a new stake in Home Bancorp during the first quarter valued at $259,000. 78.56% of the stock is currently owned by hedge funds and other institutional investors.

About Home Bancorp

Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.

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