Home Bancorp (NASDAQ:HBCP) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a research note released on Friday.

Separately, Piper Sandler initiated coverage on shares of Home Bancorp in a report on Friday, February 21st. They set an “overweight” rating and a $60.00 price objective for the company.

Home Bancorp Trading Down 3.2 %

Home Bancorp stock opened at $44.41 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The company has a market capitalization of $359.63 million, a price-to-earnings ratio of 9.76 and a beta of 0.72. Home Bancorp has a one year low of $33.30 and a one year high of $52.77. The company’s fifty day moving average price is $47.46 and its two-hundred day moving average price is $46.66.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. During the same quarter in the previous year, the business earned $1.17 earnings per share. On average, analysts forecast that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Home Bancorp Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Monday, February 10th were paid a dividend of $0.27 per share. The ex-dividend date was Monday, February 10th. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 2.43%. Home Bancorp’s payout ratio is currently 23.74%.

Institutional Trading of Home Bancorp

Institutional investors have recently bought and sold shares of the business. Picton Mahoney Asset Management lifted its stake in Home Bancorp by 100.7% in the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock valued at $27,000 after purchasing an additional 296 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Home Bancorp by 247.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,322 shares of the bank’s stock valued at $61,000 after buying an additional 942 shares in the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Home Bancorp by 73.8% in the third quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Home Bancorp by 27.2% in the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock valued at $144,000 after buying an additional 668 shares in the last quarter. Finally, Lazard Asset Management LLC bought a new position in shares of Home Bancorp during the fourth quarter valued at about $180,000. Institutional investors 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.