Home Bancorp, Inc. (NASDAQ:HBCP) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors 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. “

Home Bancorp (HBCP) traded up 0.89% during midday trading on Tuesday, hitting $42.90. The company had a trading volume of 10,496 shares. Home Bancorp has a 52 week low of $26.62 and a 52 week high of $47.20. The stock has a market capitalization of $316.39 million, a PE ratio of 17.37 and a beta of 0.12. The stock has a 50 day moving average price of $37.66 and a 200-day moving average price of $36.22.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Tuesday, April 25th. The bank reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.08. Home Bancorp had a return on equity of 9.42% and a net margin of 22.24%. The company had revenue of $18.80 million for the quarter, compared to analyst estimates of $17.82 million. On average, equities analysts predict that Home Bancorp will post $2.54 EPS for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in HBCP. Russell Investments Group Ltd. acquired a new position in shares of Home Bancorp during the fourth quarter valued at about $116,000. American International Group Inc. raised its position in shares of Home Bancorp by 6.7% in the first quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock worth $119,000 after buying an additional 220 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in shares of Home Bancorp during the fourth quarter worth $171,000. SG Americas Securities LLC purchased a new position in shares of Home Bancorp during the first quarter worth $259,000. Finally, LSV Asset Management raised its position in shares of Home Bancorp by 201.5% in the first quarter. LSV Asset Management now owns 8,828 shares of the bank’s stock worth $297,000 after buying an additional 5,900 shares in the last quarter. 78.49% of the stock is currently owned by institutional investors.

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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