Home Bancorp (NASDAQ:HBCP) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a report issued on Wednesday morning.

A number of other research analysts have also recently weighed in on HBCP. Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a research report on Monday, October 21st. Hovde Group cut shares of Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th.

Home Bancorp Stock Up 0.4 %

Shares of HBCP stock opened at $47.57 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock has a market cap of $384.37 million, a P/E ratio of 10.55 and a beta of 0.71. Home Bancorp has a 12 month low of $33.30 and a 12 month high of $52.39. The company has a 50 day simple moving average of $47.56 and a two-hundred day simple moving average of $44.92.

Institutional Trading of Home Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its holdings in Home Bancorp by 73.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,377 shares of the bank’s stock valued at $106,000 after buying an additional 1,009 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Home Bancorp during the third quarter worth $110,000. Barclays PLC grew its stake in Home Bancorp by 287.9% during the third quarter. Barclays PLC now owns 9,142 shares of the bank’s stock valued at $407,000 after acquiring an additional 6,785 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in Home Bancorp in the 4th quarter valued at $449,000. Finally, Martingale Asset Management L P lifted its stake in Home Bancorp by 2.9% in the 3rd quarter. Martingale Asset Management L P now owns 14,172 shares of the bank’s stock worth $632,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 49.41% of the company’s stock.

About Home Bancorp

Home Bancorp, Inc operates as the bank holding company for Home Bank, National Association that provides various banking products and services in Louisiana, Mississippi, and Texas. It offers deposit products, including interest-bearing and noninterest-bearing checking, money market, savings, NOW, and certificates of deposit accounts.