Home Bancorp (NASDAQ:HBCP) Downgraded by ValuEngine

ValuEngine cut shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a sell rating in a research report released on Wednesday, September 12th.

A number of other equities research analysts have also weighed in on HBCP. BidaskClub upgraded Home Bancorp from a hold rating to a buy rating in a research note on Thursday, June 21st. Zacks Investment Research lowered Home Bancorp from a buy rating to a hold rating in a research report on Thursday, July 5th.

Shares of HBCP stock traded up $0.14 on Wednesday, hitting $42.86. The stock had a trading volume of 15,900 shares, compared to its average volume of 21,073. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.96. The company has a market capitalization of $411.34 million, a P/E ratio of 15.47 and a beta of 0.07. Home Bancorp has a one year low of $34.12 and a one year high of $48.47.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Thursday, July 26th. The bank reported $0.93 EPS for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.10. The business had revenue of $26.68 million during the quarter, compared to the consensus estimate of $25.73 million. Home Bancorp had a net margin of 23.13% and a return on equity of 10.63%. On average, analysts anticipate that Home Bancorp will post 3.57 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in HBCP. BlackRock Inc. boosted its position in Home Bancorp by 37.1% in the 2nd quarter. BlackRock Inc. now owns 388,382 shares of the bank’s stock worth $18,080,000 after purchasing an additional 105,135 shares in the last quarter. Jacobs Asset Management LLC boosted its position in Home Bancorp by 16.2% in the 1st quarter. Jacobs Asset Management LLC now owns 272,219 shares of the bank’s stock worth $11,752,000 after purchasing an additional 38,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Home Bancorp by 27.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 145,472 shares of the bank’s stock worth $6,772,000 after purchasing an additional 31,126 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new stake in Home Bancorp in the 1st quarter worth approximately $1,325,000. Finally, Millennium Management LLC purchased a new stake in Home Bancorp in the 1st quarter worth approximately $1,249,000. Institutional investors and hedge funds own 38.96% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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