Zacks Investment Research Lowers Home Bancorp (HBCP) to Sell

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Zacks Investment Research cut shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a sell rating in a research note released on Wednesday.

According to Zacks, “HOME BANCORP, INC. is a holding company for Home Bank. Home Bancorp has not commenced operations and has no assets. Home Bank is a federally chartered mutual savings bank. Home Bank is a community oriented savings bank offering a range of deposit and loan products, primarily to individuals, families and small to mid-sized businesses located in its market area as well as contiguous markets in south central Louisiana. “

Other equities research analysts have also issued reports about the company. BidaskClub raised Home Bancorp from a sell rating to a hold rating in a research note on Tuesday, August 21st. ValuEngine lowered Home Bancorp from a hold rating to a sell rating in a research note on Wednesday, September 12th.

Shares of HBCP stock opened at $36.61 on Wednesday. Home Bancorp has a 52-week low of $34.12 and a 52-week high of $48.47. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $346.97 million, a P/E ratio of 13.22 and a beta of 0.20.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Tuesday, October 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.91 by ($0.02). Home Bancorp had a return on equity of 11.05% and a net margin of 24.90%. The business had revenue of $26.85 million for the quarter, compared to the consensus estimate of $26.41 million. Research analysts expect that Home Bancorp will post 3.55 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 16th. Investors of record on Monday, November 5th were paid a dividend of $0.20 per share. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.19. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date was Friday, November 2nd. Home Bancorp’s dividend payout ratio (DPR) is currently 28.88%.

Several hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its stake in shares of Home Bancorp by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 52,089 shares of the bank’s stock worth $2,264,000 after acquiring an additional 1,371 shares during the last quarter. Thomson Horstmann & Bryant Inc. increased its holdings in Home Bancorp by 1.0% during the 3rd quarter. Thomson Horstmann & Bryant Inc. now owns 139,525 shares of the bank’s stock worth $6,066,000 after purchasing an additional 1,405 shares during the period. Chicago Equity Partners LLC increased its holdings in Home Bancorp by 15.5% during the 2nd quarter. Chicago Equity Partners LLC now owns 11,605 shares of the bank’s stock worth $540,000 after purchasing an additional 1,560 shares during the period. MetLife Investment Advisors LLC increased its holdings in Home Bancorp by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 4,791 shares of the bank’s stock worth $208,000 after purchasing an additional 1,705 shares during the period. Finally, Hillsdale Investment Management Inc. increased its holdings in Home Bancorp by 6.5% during the 3rd quarter. Hillsdale Investment Management Inc. now owns 32,700 shares of the bank’s stock worth $1,422,000 after purchasing an additional 2,000 shares during the period. 38.57% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Market Capitalization

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