Home Bancorp’s (HBCP) Hold Rating Reaffirmed at Sandler O’Neill

Sandler O’Neill reiterated their hold rating on shares of Home Bancorp, Inc. (NASDAQ:HBCP) in a research note issued to investors on Wednesday morning, MarketBeat Ratings reports. Sandler O’Neill currently has a $46.00 price objective on the bank’s stock.

HBCP has been the topic of a number of other reports. Zacks Investment Research upgraded Home Bancorp from a hold rating to a strong-buy rating and set a $48.00 price objective on the stock in a research note on Wednesday, September 27th. Raymond James Financial, Inc. lowered Home Bancorp from an outperform rating to a market perform rating in a research note on Wednesday, July 26th. BidaskClub lowered Home Bancorp from a buy rating to a hold rating in a research note on Wednesday, July 19th. Finally, UBS AG lowered Home Bancorp from an outperform rating to a market perform rating in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $47.00.

Home Bancorp (HBCP) remained flat at $42.00 during midday trading on Wednesday. 34,977 shares of the stock traded hands. The firm has a market capitalization of $310.88 million, a PE ratio of 16.67 and a beta of 0.11. Home Bancorp has a 1-year low of $27.25 and a 1-year high of $47.20. The firm has a 50-day moving average of $41.80 and a 200-day moving average of $39.18.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings data on Tuesday, July 25th. The bank reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. The business had revenue of $18.06 million for the quarter, compared to analyst estimates of $18.32 million. Home Bancorp had a return on equity of 9.95% and a net margin of 23.05%. Analysts predict that Home Bancorp will post $2.58 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the stock. American International Group Inc. increased its stake in Home Bancorp by 6.7% during the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock valued at $119,000 after acquiring an additional 220 shares during the period. Wells Fargo & Company MN increased its stake in Home Bancorp by 3.1% during the second quarter. Wells Fargo & Company MN now owns 4,438 shares of the bank’s stock valued at $189,000 after acquiring an additional 133 shares during the period. Russell Investments Group Ltd. increased its stake in Home Bancorp by 105.4% during the second quarter. Russell Investments Group Ltd. now owns 4,930 shares of the bank’s stock valued at $210,000 after acquiring an additional 2,530 shares during the period. Green Square Capital LLC bought a new position in Home Bancorp during the second quarter valued at about $228,000. Finally, Beese Fulmer Investment Management Inc. bought a new position in Home Bancorp during the second quarter valued at about $235,000. Hedge funds and other institutional investors own 42.96% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.

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