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

StockNews.com downgraded shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a report released on Wednesday morning.

Several other research firms have also recently weighed in on HBCP. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective for the company in a research report on Monday, October 21st. Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $53.00 to $54.50 in a report on Tuesday, November 12th.

Home Bancorp Stock Down 1.7 %

NASDAQ HBCP opened at $46.30 on Wednesday. The company has a market cap of $374.10 million, a price-to-earnings ratio of 10.27 and a beta of 0.71. Home Bancorp has a 1-year low of $33.30 and a 1-year high of $52.39. 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 has a 50 day moving average of $47.69 and a 200-day moving average of $44.90.

Institutional Trading of Home Bancorp

Hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Home Bancorp by 2.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock valued at $15,938,000 after acquiring an additional 8,219 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Home Bancorp by 120.9% during the second quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock worth $5,615,000 after purchasing an additional 76,812 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Home Bancorp in the third quarter valued at approximately $110,000. Montz Harcus Wealth Management LLC bought a new position in Home Bancorp in the 3rd quarter valued at approximately $1,598,000. Finally, Empowered Funds LLC boosted its position in Home Bancorp by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 29,963 shares of the bank’s stock worth $1,336,000 after buying an additional 1,474 shares during the period. Institutional investors and hedge funds own 49.41% of the company’s stock.

Home Bancorp Company Profile

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.