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

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

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

Home Bancorp Price Performance

Shares of NASDAQ:HBCP traded down $1.49 during trading on Friday, reaching $44.41. 86,183 shares of the company traded hands, compared to its average volume of 17,847. The company’s 50 day moving average is $47.46 and its two-hundred day moving average is $46.60. The firm has a market capitalization of $359.63 million, a PE ratio of 9.76 and a beta of 0.72. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.77.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the prior year, the business posted $1.17 earnings per share. As a group, sell-side analysts predict that Home Bancorp will post 4.78 earnings per share for the current year.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Home Bancorp by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 419,454 shares of the bank’s stock worth $19,383,000 after purchasing an additional 10,734 shares in the last quarter. Geode Capital Management LLC increased its holdings in Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock worth $7,256,000 after purchasing an additional 1,874 shares in the last quarter. State Street Corp increased its holdings in Home Bancorp by 1.5% in the 3rd quarter. State Street Corp now owns 156,752 shares of the bank’s stock worth $6,988,000 after purchasing an additional 2,269 shares in the last quarter. Crawford Fund Management LLC increased its holdings in Home Bancorp by 48.3% in the 3rd quarter. Crawford Fund Management LLC now owns 91,247 shares of the bank’s stock worth $4,068,000 after purchasing an additional 29,722 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Home Bancorp by 49.8% in the 4th quarter. American Century Companies Inc. now owns 77,068 shares of the bank’s stock worth $3,561,000 after purchasing an additional 25,617 shares in the last quarter. 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.