Home Bancorp (HBCP) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Home Bancorp (NASDAQ:HBCP) from a sell rating to a hold rating in a research report report published on Friday morning, Zacks.com reports.

According to Zacks, “HOME BANCORP, INC. is a holding company for Home Bank. Home Bancorp has not commenced operations and has no assets. Home Bank is a federally chartered mutual savings bank. Home Bank is a community oriented savings bank offering a range of deposit and loan products, primarily to individuals, families and small to mid-sized businesses located in its market area as well as contiguous markets in south central Louisiana. “

Several other equities analysts have also commented on HBCP. BidaskClub lowered Home Bancorp from a sell rating to a strong sell rating in a research report on Tuesday, January 22nd. FIG Partners reiterated a market-perform rating on shares of Home Bancorp in a research report on Tuesday, January 29th. Finally, ValuEngine upgraded Home Bancorp from a sell rating to a hold rating in a research report on Wednesday.

NASDAQ HBCP traded up $0.05 during trading on Friday, reaching $36.35. The company’s stock had a trading volume of 8,299 shares, compared to its average volume of 8,937. The firm has a market capitalization of $344.33 million, a P/E ratio of 10.21 and a beta of 0.34. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.19. Home Bancorp has a one year low of $32.59 and a one year high of $48.47.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Tuesday, April 23rd. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.07. The business had revenue of $24.89 million for the quarter, compared to analyst estimates of $25.25 million. Home Bancorp had a return on equity of 11.10% and a net margin of 27.58%. As a group, research analysts anticipate that Home Bancorp will post 3.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Monday, May 6th will be given a dividend of $0.21 per share. The ex-dividend date is Friday, May 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.31%. Home Bancorp’s dividend payout ratio is 23.60%.

In other news, CEO John W. Bordelon sold 1,054 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $35.80, for a total transaction of $37,733.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Darren E. Guidry sold 3,500 shares of the stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $35.06, for a total value of $122,710.00. The disclosure for this sale can be found here. Insiders have sold a total of 23,423 shares of company stock worth $836,578 over the last quarter. Corporate insiders own 12.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in HBCP. Bank of New York Mellon Corp increased its position in shares of Home Bancorp by 2.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 52,089 shares of the bank’s stock valued at $2,264,000 after purchasing an additional 1,371 shares during the last quarter. Martingale Asset Management L P boosted its holdings in Home Bancorp by 3.6% during the 3rd quarter. Martingale Asset Management L P now owns 63,328 shares of the bank’s stock valued at $2,754,000 after acquiring an additional 2,201 shares during the period. BlackRock Inc. boosted its holdings in Home Bancorp by 2.1% during the 3rd quarter. BlackRock Inc. now owns 396,662 shares of the bank’s stock valued at $17,247,000 after acquiring an additional 8,280 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Home Bancorp by 15.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 167,730 shares of the bank’s stock valued at $7,293,000 after acquiring an additional 22,258 shares during the period. Finally, MetLife Investment Advisors LLC boosted its holdings in Home Bancorp by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 4,791 shares of the bank’s stock valued at $208,000 after acquiring an additional 1,705 shares during the period. Hedge funds and other institutional investors own 37.58% of the company’s stock.

Home Bancorp Company Profile

Home Bancorp, Inc operates as the holding company for Home Bank, National Association that provides various banking products and services in Louisiana. It offers deposits products, including interest-bearing and noninterest-bearing checking, money market, savings, and certificates of deposit accounts.

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