Home Bancorp (NASDAQ:HBCP) Upgraded to Hold at BidaskClub

BidaskClub upgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a hold rating in a research report report published on Thursday morning, BidAskClub reports.

Several other research firms have also recently weighed in on HBCP. Raymond James raised Home Bancorp from a market perform rating to an outperform rating and set a $40.00 price target on the stock in a report on Wednesday, July 24th. Zacks Investment Research downgraded shares of Home Bancorp from a strong-buy rating to a hold rating in a report on Friday, September 6th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $40.50.

Shares of HBCP stock traded up $0.35 during trading hours on Thursday, reaching $40.24. The company had a trading volume of 422 shares, compared to its average volume of 12,947. Home Bancorp has a 12 month low of $32.59 and a 12 month high of $44.81. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.97. The business has a fifty day simple moving average of $36.82 and a 200-day simple moving average of $36.24. The company has a market cap of $378.75 million, a price-to-earnings ratio of 11.30 and a beta of 0.37.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Tuesday, July 23rd. The bank reported $0.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.05). The business had revenue of $24.85 million for the quarter, compared to the consensus estimate of $24.92 million. Home Bancorp had a net margin of 26.56% and a return on equity of 10.09%. On average, equities research analysts expect that Home Bancorp will post 3.13 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 5th were paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Friday, August 2nd. Home Bancorp’s dividend payout ratio (DPR) is 23.60%.

In other Home Bancorp news, Director Michael P. Maraist sold 1,950 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $37.50, for a total transaction of $73,125.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Joseph B. Zanco sold 6,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $37.68, for a total transaction of $226,080.00. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock valued at $301,093 in the last quarter. Company insiders own 12.40% of the company’s stock.

Large investors have recently bought and sold shares of the business. Royce & Associates LP acquired a new stake in Home Bancorp in the first quarter worth about $25,000. BNP Paribas Arbitrage SA increased its holdings in Home Bancorp by 517.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the bank’s stock worth $54,000 after purchasing an additional 1,372 shares in the last quarter. SG Americas Securities LLC acquired a new position in Home Bancorp in the 1st quarter worth about $122,000. Beese Fulmer Investment Management Inc. acquired a new position in Home Bancorp in the 2nd quarter worth about $212,000. Finally, Bank of America Corp DE increased its holdings in Home Bancorp by 40.9% in the 4th quarter. Bank of America Corp DE now owns 6,720 shares of the bank’s stock worth $238,000 after purchasing an additional 1,952 shares in the last quarter. Hedge funds and other institutional investors own 37.37% of the company’s stock.

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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