Home Bancorp (HBCP) Upgraded at BidaskClub

BidaskClub upgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a hold rating in a research note issued to investors on Saturday morning.

A number of other analysts have also issued reports on HBCP. Zacks Investment Research raised shares of Home Bancorp from a hold rating to a strong-buy rating and set a $48.00 target price for the company in a research note on Wednesday, September 27th. Sandler O’Neill reissued a hold rating and set a $46.00 target price on shares of Home Bancorp in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a hold rating, The company has a consensus rating of Hold and a consensus target price of $47.00.

Shares of Home Bancorp (NASDAQ HBCP) opened at $43.09 on Friday. The stock has a market cap of $313.98, a price-to-earnings ratio of 16.77 and a beta of 0.23. Home Bancorp has a one year low of $32.52 and a one year high of $47.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.99.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Tuesday, October 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.04). The company had revenue of $18.25 million for the quarter, compared to analysts’ expectations of $18.54 million. Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. sell-side analysts predict that Home Bancorp will post 2.53 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Monday, November 6th were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, November 3rd. Home Bancorp’s dividend payout ratio (DPR) is presently 22.67%.

In related news, CEO John W. Bordelon sold 15,578 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $43.59, for a total value of $679,045.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider John W. Bordelon sold 7,422 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $43.50, for a total transaction of $322,857.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,000 shares of company stock valued at $1,301,152. 15.50% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Home Bancorp in the third quarter worth about $147,000. JPMorgan Chase & Co. purchased a new stake in Home Bancorp in the third quarter worth about $165,000. Wells Fargo & Company MN lifted its stake in Home Bancorp by 3.1% in the second quarter. Wells Fargo & Company MN now owns 4,438 shares of the bank’s stock worth $189,000 after acquiring an additional 133 shares during the period. Russell Investments Group Ltd. lifted its stake in Home Bancorp by 105.4% in the second quarter. Russell Investments Group Ltd. now owns 4,930 shares of the bank’s stock worth $210,000 after acquiring an additional 2,530 shares during the period. Finally, Green Square Capital LLC purchased a new stake in Home Bancorp in the second quarter worth about $228,000. 42.13% of the stock is owned by institutional investors.

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About Home Bancorp

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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