Home Bancorp (NASDAQ:HBCP) Lowered to Hold at StockNews.com

Posted by on Mar 19th, 2023

Home Bancorp (NASDAQ:HBCP – Get Rating) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Sunday.

Home Bancorp Stock Down 8.4 %

HBCP opened at $31.86 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a fifty day moving average of $38.49 and a 200-day moving average of $39.88. Home Bancorp has a fifty-two week low of $31.86 and a fifty-two week high of $43.45. The company has a market capitalization of $264.12 million, a P/E ratio of 7.66 and a beta of 0.67.

Home Bancorp (NASDAQ:HBCP – Get Rating) last posted its quarterly earnings data on Tuesday, January 24th. The bank reported $1.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.06). Home Bancorp had a net margin of 24.37% and a return on equity of 11.85%. The business had revenue of $39.93 million during the quarter, compared to the consensus estimate of $36.90 million. On average, equities analysts expect that Home Bancorp will post 5.18 EPS for the current year.

Institutional Trading of Home Bancorp

Large investors have recently modified their holdings of the stock. UBS Group AG lifted its position in Home Bancorp by 224.1% during the third quarter. UBS Group AG now owns 1,144 shares of the bank’s stock worth $45,000 after purchasing an additional 791 shares during the period. Denali Advisors LLC lifted its holdings in shares of Home Bancorp by 27.3% during the 4th quarter. Denali Advisors LLC now owns 1,400 shares of the bank’s stock worth $56,000 after acquiring an additional 300 shares during the period. Barclays PLC boosted its position in shares of Home Bancorp by 468.7% during the 4th quarter. Barclays PLC now owns 1,962 shares of the bank’s stock worth $79,000 after acquiring an additional 1,617 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Home Bancorp during the 4th quarter worth approximately $107,000. Finally, Spire Wealth Management increased its stake in Home Bancorp by 33.1% in the fourth quarter. Spire Wealth Management now owns 3,275 shares of the bank’s stock valued at $131,000 after acquiring an additional 814 shares during the last quarter. 39.09% of the stock is owned by institutional investors and hedge funds.

About Home Bancorp

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Home Bancorp, Inc operates as a bank holding company. Its subsidiary, Home Bank, N.A., offers a full range of deposit and loan products through banking centers in South Louisiana and Western Mississippi. The company was founded in 2008 and is headquartered in Lafayette, LA.

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