Home Bancorp (NASDAQ:HBCP) Stock Rating Lowered by Hovde Group

Home Bancorp (NASDAQ:HBCP) was downgraded by equities research analysts at Hovde Group from an “outperform” rating to a “market perform” rating in a report released on Tuesday, MarketBeat reports. They presently have a $54.50 target price on the bank’s stock, up from their previous target price of $53.00. Hovde Group’s price target would indicate a potential upside of 8.50% from the company’s previous close.

Several other analysts also recently weighed in on HBCP. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a report on Monday, October 21st. StockNews.com raised Home Bancorp from a “hold” rating to a “buy” rating in a research note on Thursday, November 7th.

Home Bancorp Stock Performance

Shares of Home Bancorp stock opened at $50.23 on Tuesday. The business’s fifty day simple moving average is $44.59 and its 200-day simple moving average is $41.20. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The firm has a market cap of $405.86 million, a PE ratio of 11.43 and a beta of 0.68. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Thursday, October 17th. The bank reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.21. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. The company had revenue of $34.07 million during the quarter, compared to analyst estimates of $33.10 million. Equities analysts forecast that Home Bancorp will post 4.48 earnings per share for the current year.

Hedge Funds Weigh In On Home Bancorp

Several institutional investors have recently modified their holdings of the business. Montz Harcus Wealth Management LLC acquired a new stake in shares of Home Bancorp in the third quarter valued at $1,598,000. NewEdge Advisors LLC raised its position in Home Bancorp by 120.9% in the 2nd quarter. NewEdge Advisors LLC now owns 140,352 shares of the bank’s stock valued at $5,615,000 after purchasing an additional 76,812 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Home Bancorp by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 365,043 shares of the bank’s stock valued at $13,985,000 after buying an additional 3,414 shares during the period. Bank of New York Mellon Corp grew its position in shares of Home Bancorp by 8.0% during the second quarter. Bank of New York Mellon Corp now owns 35,951 shares of the bank’s stock worth $1,438,000 after buying an additional 2,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Home Bancorp by 2.1% during the second quarter. Dimensional Fund Advisors LP now owns 398,376 shares of the bank’s stock worth $15,938,000 after buying an additional 8,219 shares during the period. Institutional investors and hedge funds own 49.41% of the company’s stock.

About Home Bancorp

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.