Home Bancorp (HBCP) Rating Lowered to Sell at Zacks Investment Research

Home Bancorp (NASDAQ:HBCP) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

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 research analysts have also recently issued reports on HBCP. BidaskClub raised shares of Home Bancorp from a “sell” rating to a “hold” rating in a report on Thursday, October 18th. ValuEngine cut shares of Home Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th.



Shares of Home Bancorp stock opened at $39.33 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $383.43 million, a price-to-earnings ratio of 14.20 and a beta of 0.06. Home Bancorp has a 52-week low of $34.12 and a 52-week high of $48.47.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Tuesday, October 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.02). The firm had revenue of $26.85 million during the quarter, compared to analysts’ expectations of $26.41 million. Home Bancorp had a return on equity of 10.63% and a net margin of 23.13%. As a group, research analysts predict that Home Bancorp will post 3.57 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Mackay Shields LLC purchased a new position in shares of Home Bancorp during the second quarter valued at approximately $214,000. Russell Investments Group Ltd. raised its holdings in shares of Home Bancorp by 53.2% during the second quarter. Russell Investments Group Ltd. now owns 6,332 shares of the bank’s stock valued at $295,000 after purchasing an additional 2,200 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Home Bancorp by 33.0% during the first quarter. JPMorgan Chase & Co. now owns 7,056 shares of the bank’s stock valued at $305,000 after purchasing an additional 1,750 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Home Bancorp by 48.3% during the second quarter. Rhumbline Advisers now owns 7,599 shares of the bank’s stock valued at $354,000 after purchasing an additional 2,475 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Home Bancorp by 13.3% during the first quarter. Wells Fargo & Company MN now owns 10,104 shares of the bank’s stock valued at $437,000 after purchasing an additional 1,188 shares during the last quarter. 38.96% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

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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