BidaskClub Downgrades Home Bancorp (HBCP) to Strong Sell

Home Bancorp (NASDAQ:HBCP) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday.

HBCP has been the subject of a number of other reports. Zacks Investment Research downgraded Home Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, October 25th. ValuEngine raised Home Bancorp from a “sell” rating to a “hold” rating in a research report on Friday, December 21st.

NASDAQ HBCP traded down $0.31 during trading on Tuesday, hitting $36.20. The stock had a trading volume of 11,682 shares, compared to its average volume of 11,503. The company has a market cap of $346.12 million, a P/E ratio of 13.07 and a beta of 0.31. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp has a twelve month low of $32.59 and a twelve month high of $48.47.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Tuesday, October 23rd. The bank reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.02). The firm had revenue of $26.85 million during the quarter, compared to analyst estimates of $26.41 million. Home Bancorp had a net margin of 24.90% and a return on equity of 11.05%. On average, analysts anticipate that Home Bancorp will post 3.55 EPS for the current fiscal year.

In related news, Director Chris P. Rader acquired 1,000 shares of the stock in a transaction dated Thursday, December 13th. The stock was acquired at an average cost of $36.44 per share, with a total value of $36,440.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in HBCP. MetLife Investment Advisors LLC grew its position in shares of Home Bancorp by 55.2% during the third quarter. MetLife Investment Advisors LLC now owns 4,791 shares of the bank’s stock worth $208,000 after buying an additional 1,705 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in Home Bancorp by 53.2% in the second quarter. Russell Investments Group Ltd. now owns 6,332 shares of the bank’s stock valued at $295,000 after purchasing an additional 2,200 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its holdings in Home Bancorp by 17.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 16,646 shares of the bank’s stock valued at $775,000 after purchasing an additional 2,518 shares in the last quarter. Summit Financial Wealth Advisors LLC boosted its holdings in Home Bancorp by 39.1% in the third quarter. Summit Financial Wealth Advisors LLC now owns 19,400 shares of the bank’s stock valued at $796,000 after purchasing an additional 5,458 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Home Bancorp by 14.6% in the third quarter. First Trust Advisors LP now owns 24,320 shares of the bank’s stock valued at $1,057,000 after purchasing an additional 3,107 shares in the last quarter. 38.54% of the stock is owned by institutional investors and hedge funds.

Home Bancorp Company Profile

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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