Home Bancorp (NASDAQ:HBCP) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Separately, Piper Sandler assumed coverage on shares of Home Bancorp in a research note 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 opened at $44.41 on Friday. The firm’s 50 day moving average price is $47.46 and its 200-day moving average price is $46.66. The stock has a market capitalization of $359.63 million, a PE ratio of 9.76 and a beta of 0.72. Home Bancorp has a twelve month low of $33.30 and a twelve month 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.

Home Bancorp (NASDAQ:HBCP) last released its quarterly earnings data 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 net margin of 18.27% and a return on equity of 9.57%. During the same quarter in the previous year, the company earned $1.17 EPS. Equities research analysts expect that Home Bancorp will post 4.78 EPS for the current year.

Home Bancorp Increases Dividend

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

Hedge Funds Weigh In On Home Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position 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 raised its stake in Home Bancorp by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 162,727 shares of the bank’s stock valued at $7,256,000 after purchasing an additional 1,874 shares during the last quarter. State Street Corp increased its stake in shares of 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 acquiring an additional 2,269 shares during the last quarter. Crawford Fund Management LLC increased its stake in shares of 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 acquiring an additional 29,722 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of 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 acquiring an additional 25,617 shares during 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.