Home Bancorp (NASDAQ:HBCP) Lowered to Hold Rating by StockNews.com

Home Bancorp (NASDAQ:HBCP - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Several other analysts have also issued reports on the company. Raymond James raised Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 price target for the company in a report on Monday, October 21st. Hovde Group lowered shares of Home Bancorp from an "outperform" rating to a "market perform" rating and lifted their price objective for the stock from $53.00 to $54.50 in a research note on Tuesday.

Home Bancorp Trading Down 1.0 %

NASDAQ HBCP traded down $0.50 during trading on Friday, hitting $49.38. The company had a trading volume of 14,212 shares, compared to its average volume of 15,400. The company's fifty day moving average is $44.89 and its 200-day moving average is $41.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The company has a market cap of $398.99 million, a price-to-earnings ratio of 11.25 and a beta of 0.68. Home Bancorp has a one year low of $33.30 and a one year high of $52.39.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.21. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. The firm had revenue of $34.07 million during the quarter, compared to the consensus estimate of $33.10 million. On average, sell-side analysts predict that Home Bancorp will post 4.48 earnings per share for the current year.

Institutional Investors Weigh In On Home Bancorp

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings in shares of Home Bancorp by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank's stock valued at $106,000 after purchasing an additional 1,009 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Home Bancorp during the third quarter worth about $110,000. Barclays PLC lifted its holdings in Home Bancorp by 287.9% during the 3rd quarter. Barclays PLC now owns 9,142 shares of the bank's stock worth $407,000 after buying an additional 6,785 shares in the last quarter. Martingale Asset Management L P boosted its holdings in Home Bancorp by 2.9% in the third quarter. Martingale Asset Management L P now owns 14,172 shares of the bank's stock valued at $632,000 after purchasing an additional 400 shares during the period. Finally, Kennedy Capital Management LLC boosted its stake in shares of Home Bancorp by 29.3% in the 1st quarter. Kennedy Capital Management LLC now owns 22,832 shares of the bank's stock valued at $875,000 after buying an additional 5,177 shares during the period. 49.41% of the stock is owned by hedge funds and other institutional investors.

Home Bancorp Company Profile

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