Home Bancorp (NASDAQ:HBCP) Stock Rating Upgraded by BidaskClub

Home Bancorp (NASDAQ:HBCP) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday, BidAskClub reports.

Several other research firms have also recently commented on HBCP. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Wednesday, July 24th. Zacks Investment Research raised Home Bancorp from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday, July 26th. Finally, ValuEngine raised Home Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, May 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $40.50.

Shares of NASDAQ:HBCP traded down $0.01 during midday trading on Thursday, hitting $36.33. The company had a trading volume of 15,883 shares, compared to its average volume of 15,836. Home Bancorp has a twelve month low of $32.59 and a twelve month high of $46.58. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $353.93 million, a PE ratio of 11.25 and a beta of 0.37. The firm’s 50-day moving average is $36.80.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Tuesday, July 23rd. The bank reported $0.71 EPS for the quarter, missing the consensus estimate of $0.76 by ($0.05). Home Bancorp had a net margin of 26.56% and a return on equity of 10.18%. The company had revenue of $24.85 million during the quarter, compared to analyst estimates of $24.92 million. As a group, equities research analysts expect that Home Bancorp will post 3.15 earnings per share for the current fiscal year.

In other Home Bancorp news, insider John W. Bordelon sold 3,101 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $36.49, for a total transaction of $113,155.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Chris P. Rader bought 1,000 shares of the business’s stock in a transaction on Friday, June 7th. The shares were acquired at an average cost of $35.90 per share, with a total value of $35,900.00. The disclosure for this purchase can be found here. 12.40% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the business. Citigroup Inc. increased its stake in Home Bancorp by 16.3% during the fourth quarter. Citigroup Inc. now owns 2,430 shares of the bank’s stock worth $86,000 after acquiring an additional 340 shares during the last quarter. Royce & Associates LP acquired a new stake in shares of Home Bancorp in the first quarter valued at $25,000. Strs Ohio grew its stake in shares of Home Bancorp by 7.9% in the second quarter. Strs Ohio now owns 12,300 shares of the bank’s stock valued at $473,000 after buying an additional 900 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Home Bancorp by 6.7% in the first quarter. Acadian Asset Management LLC now owns 21,404 shares of the bank’s stock valued at $712,000 after buying an additional 1,353 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its stake in shares of Home Bancorp by 517.7% in the first quarter. BNP Paribas Arbitrage SA now owns 1,637 shares of the bank’s stock valued at $54,000 after buying an additional 1,372 shares in the last quarter. 36.79% of the stock is owned by institutional investors.

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.

Featured Story: What is Depreciation?

Receive News & Ratings for Home Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.