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

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. “

Separately, Sandler O’Neill reiterated a “hold” rating and issued a $46.00 price objective on shares of Home Bancorp in a research report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Home Bancorp presently has an average rating of “Hold” and a consensus price target of $47.00.

Home Bancorp (HBCP) traded up $0.67 during trading on Monday, hitting $42.91. 14,004 shares of the stock were exchanged, compared to its average volume of 19,089. 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 has a one year low of $32.52 and a one year high of $47.20. The company has a market cap of $314.51, a P/E ratio of 16.83 and a beta of 0.12.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results 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). Home Bancorp had a return on equity of 9.72% and a net margin of 22.54%. The business had revenue of $18.25 million during the quarter, compared to the consensus estimate of $18.54 million. equities analysts expect that Home Bancorp will post 2.53 EPS for the current year.

In related news, CEO John W. Bordelon sold 15,578 shares of Home Bancorp stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $43.59, for a total value of $679,045.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider John W. Bordelon sold 7,000 shares of Home Bancorp stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $42.75, for a total transaction of $299,250.00. The disclosure for this sale can be found here. Company insiders own 15.50% of the company’s stock.

A number of large investors have recently modified their holdings of HBCP. EJF Capital LLC lifted its position in Home Bancorp by 562.0% in the 4th quarter. EJF Capital LLC now owns 694,885 shares of the bank’s stock valued at $18,053,000 after purchasing an additional 589,913 shares during the last quarter. FJ Capital Management LLC lifted its position in Home Bancorp by 16.2% in the 4th quarter. FJ Capital Management LLC now owns 645,000 shares of the bank’s stock valued at $16,764,000 after purchasing an additional 90,000 shares during the last quarter. Summit Financial Wealth Advisors LLC bought a new stake in Home Bancorp in the 2nd quarter valued at about $1,110,000. Thomson Horstmann & Bryant Inc. lifted its position in Home Bancorp by 54.4% in the 1st quarter. Thomson Horstmann & Bryant Inc. now owns 100,962 shares of the bank’s stock valued at $3,407,000 after purchasing an additional 35,570 shares during the last quarter. Finally, State Street Corp lifted its position in Home Bancorp by 40.4% in the 2nd quarter. State Street Corp now owns 119,022 shares of the bank’s stock valued at $5,063,000 after purchasing an additional 34,273 shares during the last quarter. Hedge funds and other 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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