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

StockNews.com cut shares of Home Bancorp (NASDAQ:HBCP - Free Report) from a buy rating to a hold rating in a research note released on Tuesday.

HBCP has been the subject of a number of other reports. Piper Sandler initiated coverage on Home Bancorp in a research report on Friday, February 21st. They set an "overweight" rating and a $60.00 target price for the company. Hovde Group lowered Home Bancorp from an "outperform" rating to a "market perform" rating and lifted their target price for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th.

Home Bancorp Trading Down 0.3 %

Shares of HBCP stock traded down $0.16 on Tuesday, reaching $47.00. 41,569 shares of the company's stock were exchanged, compared to its average volume of 23,204. 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's fifty day simple moving average is $47.61 and its 200 day simple moving average is $46.34. The stock has a market capitalization of $379.57 million, a PE ratio of 10.33 and a beta of 0.71. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.77.

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Home Bancorp (NASDAQ:HBCP - Get Free Report) last issued its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating analysts' consensus estimates 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 posted $1.17 earnings per share. As a group, analysts forecast that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were issued a $0.27 dividend. The ex-dividend date was Monday, February 10th. This is an increase from Home Bancorp's previous quarterly dividend of $0.26. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.30%. Home Bancorp's dividend payout ratio (DPR) is currently 23.74%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HBCP. Two Sigma Advisers LP grew its stake in Home Bancorp by 3.6% during the 4th quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank's stock worth $402,000 after buying an additional 300 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Home Bancorp by 2.4% during the 4th quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank's stock worth $840,000 after buying an additional 418 shares during the last quarter. Millennium Management LLC purchased a new position in Home Bancorp during the 4th quarter worth $919,000. Lazard Asset Management LLC purchased a new position in Home Bancorp during the 4th quarter worth $180,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Home Bancorp by 31.7% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 8,335 shares of the bank's stock worth $385,000 after buying an additional 2,006 shares during the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

About Home Bancorp

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.