Home Bancorp (NASDAQ:HBCP) Announces Earnings Results, Beats Estimates By $0.23 EPS

Home Bancorp (NASDAQ:HBCP) issued its quarterly earnings results on Monday. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.14 by $0.23, Zacks reports. Home Bancorp had a return on equity of 9.57% and a net margin of 18.27%.

Home Bancorp Price Performance

NASDAQ HBCP traded down $0.41 during mid-day trading on Monday, hitting $43.15. The stock had a trading volume of 18,963 shares, compared to its average volume of 19,787. The firm’s 50 day moving average is $45.33 and its 200 day moving average is $46.79. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market capitalization of $346.11 million, a price-to-earnings ratio of 9.48 and a beta of 0.55. Home Bancorp has a twelve month low of $34.51 and a twelve month high of $52.77.

Home Bancorp Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Monday, February 10th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.50%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. The ex-dividend date was Monday, February 10th. Home Bancorp’s payout ratio is presently 23.74%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HBCP shares. Piper Sandler started coverage on Home Bancorp in a research report on Friday, February 21st. They set an “overweight” rating and a $60.00 target price on the stock. StockNews.com downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Friday, March 21st.

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.