Home Bancorp, Inc. (NASDAQ:HBCP) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report released 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 brokerages have also recently weighed in on HBCP. Raymond James Financial, Inc. cut shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. UBS AG cut shares of Home Bancorp from an “outperform” rating to a “market perform” rating in a research report on Wednesday, July 26th. BidaskClub cut shares of Home Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, Sandler O’Neill reaffirmed a “hold” rating and set a $46.00 price target on shares of Home Bancorp in a research report on Wednesday, October 18th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $47.00.

Home Bancorp (NASDAQ:HBCP) traded up 3.27% on Tuesday, reaching $43.22. The company had a trading volume of 108,399 shares. The firm has a market capitalization of $319.91 million, a price-to-earnings ratio of 17.15 and a beta of 0.11. The stock’s 50-day moving average price is $41.87 and its 200 day moving average price is $39.40. Home Bancorp has a 52-week low of $27.50 and a 52-week high of $47.20.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Tuesday, July 25th. The bank reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.04. Home Bancorp had a net margin of 23.05% and a return on equity of 9.95%. The firm had revenue of $18.06 million during the quarter, compared to analysts’ expectations of $18.32 million. On average, equities analysts anticipate that Home Bancorp will post $2.58 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of HBCP. Acrospire Investment Management LLC boosted its position in Home Bancorp by 38.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,927 shares of the bank’s stock valued at $108,000 after buying an additional 1,100 shares during the last quarter. Emerald Acquisition Ltd. purchased a new position in Home Bancorp in the 2nd quarter valued at about $110,000. Russell Investments Group Ltd. purchased a new position in Home Bancorp in the 4th quarter valued at about $116,000. American International Group Inc. boosted its position in Home Bancorp by 6.7% in the 1st quarter. American International Group Inc. now owns 3,527 shares of the bank’s stock valued at $119,000 after buying an additional 220 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new position in Home Bancorp in the 4th quarter valued at about $171,000. 42.99% of the stock is 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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