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

kopsource · Sep 4, 2022 04:22

StockNews.com lowered shares of Home Bancorp (NASDAQ:HBCP – Get Rating) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Several other equities research analysts have also recently issued reports on HBCP. DA Davidson raised shares of Home Bancorp from a neutral rating to a buy rating and set a $44.50 price objective for the company in a research report on Wednesday, June 1st. They noted that the move was a valuation call. Hovde Group initiated coverage on Home Bancorp in a report on Friday, July 8th. They issued an outperform rating and a $46.00 price target for the company. Finally, Piper Sandler raised their price objective on Home Bancorp to $49.00 and gave the stock an outperform rating in a report on Wednesday, July 27th.

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Home Bancorp Price Performance

Shares of HBCP stock opened at $37.93 on Thursday. The stock has a 50 day moving average price of $38.00 and a 200 day moving average price of $37.92. Home Bancorp has a 52-week low of $33.16 and a 52-week high of $45.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market capitalization of $316.60 million, a P/E ratio of 8.28 and a beta of 0.74.

Home Bancorp (NASDAQ:HBCP – Get Rating) last released its earnings results on Tuesday, July 26th. The bank reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.16. The business had revenue of $32.93 million for the quarter, compared to analyst estimates of $31.75 million. Home Bancorp had a return on equity of 12.62% and a net margin of 30.46%. As a group, sell-side analysts predict that Home Bancorp will post 4.39 earnings per share for the current year.

Home Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Monday, August 8th were issued a $0.23 dividend. The ex-dividend date of this dividend was Friday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. Home Bancorp's dividend payout ratio is currently 20.09%.

Insider Transactions at Home Bancorp

In other Home Bancorp news, Director Chris P. Rader acquired 1,000 shares of the business's stock in a transaction that occurred on Wednesday, August 24th. The shares were bought at an average cost of $40.20 per share, with a total value of $40,200.00. Following the completion of the acquisition, the director now directly owns 14,109 shares in the company, valued at approximately $567,181.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 7.00% of the company's stock.

Institutional Trading of Home Bancorp

Several hedge funds and other institutional investors have recently bought and sold shares of HBCP. Goldman Sachs Group Inc. raised its position in shares of Home Bancorp by 61.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 67,151 shares of the bank's stock worth $2,292,000 after acquiring an additional 25,482 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Home Bancorp by 4.4% during the first quarter. Dimensional Fund Advisors LP now owns 321,890 shares of the bank's stock valued at $13,130,000 after buying an additional 13,421 shares during the last quarter. State Street Corp boosted its holdings in shares of Home Bancorp by 6.3% in the 1st quarter. State Street Corp now owns 153,411 shares of the bank's stock valued at $6,258,000 after buying an additional 9,049 shares in the last quarter. Maltese Capital Management LLC boosted its holdings in shares of Home Bancorp by 10.2% in the 2nd quarter. Maltese Capital Management LLC now owns 95,753 shares of the bank's stock valued at $3,268,000 after buying an additional 8,880 shares in the last quarter. Finally, Acadian Asset Management LLC grew its position in shares of Home Bancorp by 20.6% in the 1st quarter. Acadian Asset Management LLC now owns 50,142 shares of the bank's stock worth $2,044,000 after buying an additional 8,561 shares during the last quarter. Institutional investors own 39.46% of the company's stock.

Home Bancorp Company Profile

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