Home Bancorp Cut to “Hold” at Zacks (HBCP)

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Zacks cut shares of Home Bancorp (NASDAQ:HBCP) from a buy rating to a hold rating in a report released on Thursday, MarketBeat reports.

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. “

Home Bancorp (NASDAQ:HBCP) remained flat at $24.80 during midday trading on Thursday. 81 shares of the company traded hands. The company has a market capitalization of $179.38 million and a price-to-earnings ratio of 15.22. The firm has a 50-day moving average price of $24.72 and a 200-day moving average price of $22.64. Home Bancorp has a 1-year low of $20.40 and a 1-year high of $25.50.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.44 earnings per share for the quarter, topping the analysts’ consensus estimate of $0.40 by $0.04. Equities research analysts expect that Home Bancorp will post $1.14 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be issued on Friday, August 21st. Shareholders of record on Monday, August 10th will be issued a $0.08 dividend. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.29%.

Home Bancorp, Inc. is a holding company for Home Bank (NASDAQ:HBCP). The Bank is a federally chartered community stock savings bank. As of December 31, 2014, the Bank conducts business from 27 banking offices in the Greater Lafayette, Northshore, Baton Rouge and Greater New Orleans regions of south Louisiana and west Mississippi. The Bank is primarily engaged in attracting deposits from the general public and using those funds to invest in loans and investment securities. Its principal sources of funds are customer deposits, repayments of loans, repayments of investments and funds borrowed from outside sources such as the Federal Home Loan Bank (FHLB) of Dallas. Deposits, loan repayments and prepayments, proceeds from investment securities sales, calls, maturities and paydowns, cash flows generated from operations and FHLB advances are the Bank’s primary, ongoing sources of funds.

To get a free copy of the research report on Home Bancorp (HBCP), click here. For more information about research offerings from Zacks Investment Research, visit Zacks.com

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