Home Bancorp (HBCP) Cut to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Home Bancorp (NASDAQ:HBCP) from a hold rating to a sell rating in a research report released 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. “

HBCP has been the subject of a number of other research reports. BidaskClub raised Home Bancorp from a sell rating to a hold rating in a research report on Tuesday, August 21st. ValuEngine downgraded Home Bancorp from a hold rating to a sell rating in a research report on Wednesday, September 12th.

Shares of HBCP opened at $37.31 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp has a 52-week low of $34.12 and a 52-week high of $48.47. The company has a market capitalization of $353.70 million, a P/E ratio of 13.47 and a beta of 0.23.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings data on Tuesday, October 23rd. The bank reported $0.89 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.91 by ($0.02). Home Bancorp had a net margin of 24.90% and a return on equity of 11.05%. The business had revenue of $26.85 million during the quarter, compared to analyst estimates of $26.41 million. Equities analysts forecast that Home Bancorp will post 3.55 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 16th. Shareholders of record on Monday, November 5th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, November 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.14%. This is an increase from Home Bancorp’s previous quarterly dividend of $0.19. Home Bancorp’s dividend payout ratio is 28.88%.

Large investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC raised its stake in shares of Home Bancorp by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 4,791 shares of the bank’s stock worth $208,000 after purchasing an additional 1,705 shares in the last quarter. Mackay Shields LLC bought a new stake in shares of Home Bancorp during the 2nd quarter worth approximately $214,000. Russell Investments Group Ltd. raised its stake in shares of Home Bancorp by 53.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 6,332 shares of the bank’s stock worth $295,000 after purchasing an additional 2,200 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Home Bancorp by 33.0% during the 1st quarter. JPMorgan Chase & Co. now owns 7,056 shares of the bank’s stock worth $305,000 after purchasing an additional 1,750 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Home Bancorp by 48.3% during the 2nd quarter. Rhumbline Advisers now owns 7,599 shares of the bank’s stock worth $354,000 after purchasing an additional 2,475 shares in the last quarter. 39.09% of the stock is owned by hedge funds and other 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.

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