Home Bancorp, Inc. Declares Quarterly Dividend of $0.31 (NASDAQ:HBCP)

Home Bancorp, Inc. (NASDAQ:HBCP) declared a quarterly dividend on Monday, April 20th. Stockholders of record on Monday, May 4th will be paid a dividend of 0.31 per share by the bank on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Monday, May 4th.

Home Bancorp has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 10 years. Home Bancorp has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Home Bancorp to earn $6.24 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 19.9%.

Home Bancorp Stock Down 1.6%

NASDAQ HBCP traded down $1.03 on Tuesday, hitting $62.87. The stock had a trading volume of 45,829 shares, compared to its average volume of 87,422. The business’s fifty day moving average price is $61.03 and its 200 day moving average price is $58.50. The stock has a market cap of $492.89 million, a price-to-earnings ratio of 10.71 and a beta of 0.53. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp has a 52-week low of $43.80 and a 52-week high of $65.94.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, April 20th. The bank reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $38.22 million during the quarter, compared to analysts’ expectations of $33.63 million. Home Bancorp had a net margin of 22.01% and a return on equity of 11.03%. During the same period last year, the business earned $1.37 EPS. Equities research analysts anticipate that Home Bancorp will post 5.87 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on HBCP. Hovde Group upped their price target on Home Bancorp from $61.00 to $62.00 and gave the stock a “market perform” rating in a report on Thursday, January 29th. Zacks Research cut shares of Home Bancorp from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Home Bancorp in a research note on Friday, March 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $63.00.

Home Bancorp Company Profile

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.