Home Bancorp, Inc. (NASDAQ:HBCP) Increases Dividend to $0.32 Per Share

Home Bancorp, Inc. (NASDAQ:HBCP) declared a quarterly dividend on Monday, July 20th. Shareholders of record on Monday, August 3rd will be paid a dividend of 0.32 per share by the bank on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Monday, August 3rd. This is a 3.2% increase from Home Bancorp’s previous quarterly dividend of $0.31.

Home Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. Home Bancorp has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Home Bancorp to earn $6.31 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 19.7%.

Home Bancorp Price Performance

HBCP opened at $68.37 on Tuesday. The company has a market capitalization of $536.02 million, a price-to-earnings ratio of 11.49 and a beta of 0.49. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $66.55 and a 200-day moving average price of $63.01. Home Bancorp has a twelve month low of $49.49 and a twelve month high of $71.69.

Home Bancorp (NASDAQ:HBCP) last posted its quarterly earnings results on Monday, July 20th. The bank reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $39.72 million for the quarter, compared to analyst estimates of $38.57 million. Home Bancorp had a net margin of 22.18% and a return on equity of 10.86%. Equities analysts expect that Home Bancorp will post 5.98 EPS for the current year.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.