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

Home Bancorp (NASDAQ:HBCP) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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

Home Bancorp Stock Down 3.2 %

Shares of NASDAQ:HBCP traded down $1.49 during trading on Friday, hitting $44.41. 86,183 shares of the company were exchanged, compared to its average volume of 17,847. The stock has a market cap of $359.63 million, a price-to-earnings ratio of 9.76 and a beta of 0.72. Home Bancorp has a fifty-two week low of $33.30 and a fifty-two week high of $52.77. The firm has a fifty day moving average price of $47.46 and a two-hundred day moving average price of $46.60. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, topping 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 EPS. As a group, research analysts anticipate that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Picton Mahoney Asset Management grew its holdings in Home Bancorp by 100.7% in the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after buying an additional 296 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in Home Bancorp by 247.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock valued at $61,000 after buying an additional 942 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Home Bancorp by 73.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares in the last quarter. SG Americas Securities LLC grew its holdings in Home Bancorp by 27.2% in the 4th quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after buying an additional 668 shares in the last quarter. Finally, Lazard Asset Management LLC acquired a new position in Home Bancorp in the 4th quarter valued at $180,000. 49.41% of the stock is owned by institutional investors and hedge funds.

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.