Home Bancorp, Inc. (HBCP) To Go Ex-Dividend on February 9th

Home Bancorp, Inc. (NASDAQ:HBCP) declared a quarterly dividend on Monday, January 26th. Investors of record on Monday, February 9th will be given a dividend of 0.31 per share by the bank on Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Monday, February 9th.

Home Bancorp has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 10 consecutive years. Home Bancorp has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Home Bancorp to earn $5.22 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 23.8%.

Home Bancorp Stock Down 3.3%

Shares of NASDAQ HBCP opened at $58.50 on Wednesday. Home Bancorp has a 52-week low of $39.59 and a 52-week high of $64.17. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.14. The business’s 50 day moving average is $58.61 and its two-hundred day moving average is $55.87. The firm has a market cap of $458.06 million, a price-to-earnings ratio of 9.97 and a beta of 0.60.

Home Bancorp (NASDAQ:HBCP) last posted its earnings results on Monday, January 26th. The bank reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.07. Home Bancorp had a return on equity of 11.19% and a net margin of 22.01%.The firm had revenue of $37.26 million for the quarter, compared to analyst estimates of $33.73 million. Research analysts predict that Home Bancorp will post 4.78 EPS for the current year.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Hillsdale Investment Management Inc. purchased a new stake in shares of Home Bancorp during the 2nd quarter worth approximately $3,676,000. Hotchkis & Wiley Capital Management LLC raised its stake in Home Bancorp by 64.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 119,053 shares of the bank’s stock worth $6,468,000 after acquiring an additional 46,546 shares in the last quarter. Marshall Wace LLP lifted its position in Home Bancorp by 636.7% in the second quarter. Marshall Wace LLP now owns 42,027 shares of the bank’s stock valued at $2,176,000 after acquiring an additional 36,322 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Home Bancorp by 668.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 38,040 shares of the bank’s stock valued at $1,970,000 after acquiring an additional 33,090 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in Home Bancorp by 449.1% in the second quarter. Qube Research & Technologies Ltd now owns 33,306 shares of the bank’s stock valued at $1,725,000 after acquiring an additional 27,240 shares in the last quarter. 49.41% of the stock is owned by institutional investors and hedge funds.

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.