Home Bancorp (HBCP) Downgraded by BidaskClub

BidaskClub downgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a strong sell rating in a report released on Friday morning.

Several other analysts also recently commented on HBCP. Zacks Investment Research upgraded shares of Home Bancorp from a hold rating to a buy rating and set a $50.00 price objective on the stock in a research report on Tuesday, August 14th. ValuEngine downgraded shares of Home Bancorp from a hold rating to a sell rating in a research report on Wednesday, September 12th.

Shares of HBCP stock opened at $37.98 on Friday. The firm has a market cap of $360.06 million, a PE ratio of 10.73 and a beta of 0.21. Home Bancorp has a one year low of $34.12 and a one year high of $48.47. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.89 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). The firm had revenue of $26.85 million for the quarter, compared to the consensus estimate of $26.41 million. Home Bancorp had a net margin of 24.90% and a return on equity of 11.05%. On average, equities analysts forecast that Home Bancorp will post 3.55 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 16th. Stockholders of record on Monday, November 5th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.11%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.19. The ex-dividend date was Friday, November 2nd. Home Bancorp’s dividend payout ratio (DPR) is presently 28.88%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its stake in Home Bancorp by 2.1% during the third quarter. BlackRock Inc. now owns 396,662 shares of the bank’s stock valued at $17,247,000 after acquiring an additional 8,280 shares in the last quarter. Vanguard Group Inc. grew its stake in Home Bancorp by 1.1% during the third quarter. Vanguard Group Inc. now owns 319,163 shares of the bank’s stock valued at $13,878,000 after acquiring an additional 3,487 shares in the last quarter. Renaissance Technologies LLC grew its stake in Home Bancorp by 11.5% during the second quarter. Renaissance Technologies LLC now owns 235,300 shares of the bank’s stock valued at $10,953,000 after acquiring an additional 24,200 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Home Bancorp by 15.3% during the third quarter. Dimensional Fund Advisors LP now owns 167,730 shares of the bank’s stock valued at $7,293,000 after acquiring an additional 22,258 shares in the last quarter. Finally, Thomson Horstmann & Bryant Inc. grew its stake in Home Bancorp by 1.0% during the third quarter. Thomson Horstmann & Bryant Inc. now owns 139,525 shares of the bank’s stock valued at $6,066,000 after acquiring an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 38.57% of the company’s stock.

About Home Bancorp

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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