Home Bancorp (HBCP) Rating Increased to Hold at Zacks Investment Research
Home Bancorp (NASDAQ:HBCP) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday.
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. “
A number of other research analysts have also recently issued reports on HBCP. BidaskClub raised Home Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, December 9th. Sandler O’Neill reissued a “hold” rating and set a $46.00 price objective on shares of Home Bancorp in a report on Wednesday, October 18th. Five equities research analysts have rated the stock with a hold rating, Home Bancorp presently has a consensus rating of “Hold” and an average price target of $47.00.
Home Bancorp (HBCP) opened at $42.93 on Tuesday. The stock has a market capitalization of $321.58, a price-to-earnings ratio of 17.38 and a beta of 0.12. Home Bancorp has a twelve month low of $32.52 and a twelve month high of $47.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.98 and a current ratio of 0.99.
Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Tuesday, October 24th. The bank reported $0.59 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.04). The company had revenue of $18.25 million for the quarter, compared to the consensus estimate of $18.54 million. Home Bancorp had a net margin of 22.54% and a return on equity of 9.72%. equities research analysts anticipate that Home Bancorp will post 2.54 EPS for the current year.
In other Home Bancorp news, Director Kathy J. Bobbs bought 600 shares of the stock in a transaction dated Thursday, December 14th. The stock was bought at an average cost of $43.09 per share, for a total transaction of $25,854.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John W. Bordelon sold 15,578 shares of the firm’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $43.59, for a total value of $679,045.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,000 shares of company stock valued at $1,301,152. Company insiders own 15.50% of the company’s stock.
Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. acquired a new stake in shares of Home Bancorp in the second quarter valued at $328,000. Chicago Equity Partners LLC acquired a new stake in shares of Home Bancorp in the second quarter valued at $752,000. Vanguard Group Inc. increased its stake in shares of Home Bancorp by 3.0% in the second quarter. Vanguard Group Inc. now owns 158,459 shares of the bank’s stock valued at $6,737,000 after buying an additional 4,623 shares in the last quarter. Strs Ohio increased its stake in shares of Home Bancorp by 6.1% in the second quarter. Strs Ohio now owns 10,400 shares of the bank’s stock valued at $442,000 after buying an additional 600 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Home Bancorp by 0.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 49,973 shares of the bank’s stock valued at $2,125,000 after buying an additional 158 shares in the last quarter. Institutional investors own 42.13% of the company’s stock.
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Home Bancorp Company Profile
Home Bancorp, Inc is a bank holding company for Home Bank, N.A. (the Bank). The Bank conducts business through banking offices in the Greater Lafayette, Baton Rouge, Greater New Orleans and Northshore (of Lake Pontchartrain) regions of south Louisiana and the Natchez and Vicksburg regions of west Mississippi.
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