Home Bancorp (NASDAQ:HBCP) Upgraded at BidaskClub

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BidaskClub upgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a hold rating in a report issued on Thursday morning, BidAskClub reports.

Several other research analysts have also issued reports on the company. Raymond James upgraded Home Bancorp from a market perform rating to an outperform rating and set a $40.00 price target on the stock in a report on Wednesday, July 24th. Zacks Investment Research lowered Home Bancorp from a strong-buy rating to a hold rating in a report on Friday, September 6th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Home Bancorp currently has an average rating of Hold and a consensus price target of $40.50.

NASDAQ:HBCP traded up $0.35 on Thursday, hitting $40.24. The stock had a trading volume of 422 shares, compared to its average volume of 12,947. The business’s fifty day moving average is $36.82 and its 200 day moving average is $36.24. The company has a market cap of $378.75 million, a PE ratio of 11.30 and a beta of 0.37. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.17. Home Bancorp has a 52 week low of $32.59 and a 52 week high of $44.81.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). The firm had revenue of $24.85 million during the quarter, compared to the consensus estimate of $24.92 million. Home Bancorp had a return on equity of 10.09% and a net margin of 26.56%. Equities analysts predict that Home Bancorp will post 3.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 5th were issued a $0.21 dividend. The ex-dividend date was Friday, August 2nd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.09%. Home Bancorp’s dividend payout ratio is presently 23.60%.

In other news, CFO Joseph B. Zanco sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $37.68, for a total value of $226,080.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael P. Maraist sold 1,950 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $37.50, for a total value of $73,125.00. The disclosure for this sale can be found here. Insiders sold 8,000 shares of company stock worth $301,093 in the last 90 days. Corporate insiders own 12.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Royce & Associates LP acquired a new position in shares of Home Bancorp in the 1st quarter valued at about $25,000. BNP Paribas Arbitrage SA increased its holdings in shares of Home Bancorp by 517.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the bank’s stock valued at $54,000 after purchasing an additional 1,372 shares during the period. SG Americas Securities LLC acquired a new position in shares of Home Bancorp in the 1st quarter valued at about $122,000. Beese Fulmer Investment Management Inc. acquired a new position in shares of Home Bancorp in the 2nd quarter valued at about $212,000. Finally, Bank of America Corp DE increased its holdings in shares of Home Bancorp by 40.9% in the 4th quarter. Bank of America Corp DE now owns 6,720 shares of the bank’s stock valued at $238,000 after purchasing an additional 1,952 shares during the period. Institutional investors own 37.37% of the company’s stock.

About Home Bancorp

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.

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