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

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

Separately, Piper Sandler initiated coverage on shares of Home Bancorp in a report on Friday, February 21st. They set an "overweight" rating and a $60.00 price target on the stock.

Home Bancorp Stock Performance

Shares of HBCP stock traded down $0.24 during mid-day trading on Friday, reaching $45.75. 14,299 shares of the company's stock traded hands, compared to its average volume of 18,131. Home Bancorp has a 12 month low of $33.30 and a 12 month high of $52.77. The firm has a 50 day moving average price of $47.54 and a two-hundred day moving average price of $46.72. The firm has a market capitalization of $370.48 million, a PE ratio of 10.05 and a beta of 0.72. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same quarter last year, the firm earned $1.17 earnings per share. On average, research analysts forecast that Home Bancorp will post 4.78 EPS for the current year.

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Institutional Trading of Home Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC grew its holdings in Home Bancorp by 72.6% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 72,962 shares of the bank's stock valued at $3,372,000 after buying an additional 30,681 shares in the last quarter. Crawford Fund Management LLC grew its stake in Home Bancorp by 48.3% during the third quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank's stock valued at $4,068,000 after acquiring an additional 29,722 shares in the last quarter. American Century Companies Inc. increased its holdings in Home Bancorp by 49.8% in the 4th quarter. American Century Companies Inc. now owns 77,068 shares of the bank's stock valued at $3,561,000 after acquiring an additional 25,617 shares during the last quarter. Millennium Management LLC purchased a new stake in Home Bancorp in the 4th quarter worth $919,000. Finally, Citadel Advisors LLC purchased a new stake in Home Bancorp in the 4th quarter worth $774,000. Institutional investors own 49.41% of the company's stock.

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.