Home Bancorp (HBCP) Stock Rating Upgraded by Zacks Investment Research

Home Bancorp (NASDAQ:HBCP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” 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. “

Separately, Sandler O’Neill reissued a “hold” rating and issued a $46.00 target price on shares of Home Bancorp in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Home Bancorp presently has an average rating of “Hold” and a consensus price target of $47.00.

Shares of Home Bancorp (NASDAQ:HBCP) opened at $42.75 on Monday. The company has a market capitalization of $319.50, a price-to-earnings ratio of 17.10 and a beta of 0.12. Home Bancorp has a 52 week low of $32.52 and a 52 week high of $47.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.99 and a quick ratio of 0.98.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Tuesday, October 24th. The bank reported $0.59 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.04). The firm had revenue of $18.25 million during the quarter, compared to analyst estimates of $18.54 million. Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. sell-side analysts predict that Home Bancorp will post 2.53 earnings per share for the current fiscal year.

In other news, insider John W. Bordelon sold 7,000 shares of Home Bancorp stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $42.75, for a total value of $299,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO John W. Bordelon sold 15,578 shares of Home Bancorp stock in a transaction on Friday, October 27th. The shares were sold at an average price of $43.59, for a total value of $679,045.02. The disclosure for this sale can be found here. 15.50% of the stock is currently owned by company insiders.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of Home Bancorp by 3.1% in the 2nd quarter. Wells Fargo & Company MN now owns 4,438 shares of the bank’s stock worth $189,000 after purchasing an additional 133 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in shares of Home Bancorp by 0.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,973 shares of the bank’s stock worth $2,125,000 after purchasing an additional 158 shares during the last quarter. American International Group Inc. boosted its position in shares of Home Bancorp by 6.7% in the 1st quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock worth $119,000 after purchasing an additional 220 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Home Bancorp by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 96,906 shares of the bank’s stock worth $4,120,000 after purchasing an additional 324 shares during the last quarter. Finally, LSV Asset Management boosted its position in shares of Home Bancorp by 4.0% in the 2nd quarter. LSV Asset Management now owns 9,185 shares of the bank’s stock worth $390,000 after purchasing an additional 357 shares during the last quarter. Institutional investors and hedge funds own 42.13% of the company’s stock.

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Home Bancorp Company Profile

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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