Home Bancorp (NASDAQ:HBCP) Downgraded to “Hold” Rating by StockNews.com

Home Bancorp (NASDAQ:HBCP) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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

Home Bancorp Trading Down 3.2 %

HBCP stock opened at $44.41 on Friday. The business has a fifty day simple moving average of $47.46 and a 200-day simple moving average of $46.63. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.77. 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 company has a market cap of $359.63 million, a price-to-earnings ratio of 9.76 and a beta of 0.72.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.07. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%. During the same period in the prior year, the company posted $1.17 earnings per share. On average, equities research analysts expect that Home Bancorp will post 4.78 EPS for the current year.

Institutional Investors Weigh In On Home Bancorp

Institutional investors and hedge funds have recently modified their holdings of the stock. Picton Mahoney Asset Management grew its position in Home Bancorp by 100.7% during the 4th quarter. Picton Mahoney Asset Management now owns 590 shares of the bank’s stock worth $27,000 after purchasing an additional 296 shares in the last quarter. Two Sigma Advisers LP raised its stake in shares of Home Bancorp by 3.6% during the 4th quarter. Two Sigma Advisers LP now owns 8,700 shares of the bank’s stock worth $402,000 after purchasing an additional 300 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock valued at $632,000 after buying an additional 400 shares in the last quarter. Nuveen Asset Management LLC grew its position in Home Bancorp by 2.4% in the fourth quarter. Nuveen Asset Management LLC now owns 18,187 shares of the bank’s stock worth $840,000 after acquiring an additional 418 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in Home Bancorp by 27.2% during the fourth quarter. SG Americas Securities LLC now owns 3,125 shares of the bank’s stock worth $144,000 after buying an additional 668 shares during the last quarter. 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.