Home Bancorp, Inc. (HBCP) to Issue Quarterly Dividend of $0.31 on February 20th

Home Bancorp, Inc. (NASDAQ:HBCP) announced a quarterly dividend on Monday, January 26th. Stockholders of record on Monday, February 9th will be paid 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 2.0%. The ex-dividend date is Monday, February 9th.

Home Bancorp has raised its dividend by an average of 0.1%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% indicating that its dividend is sufficiently covered by earnings. 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 Up 1.1%

HBCP opened at $63.04 on Friday. The stock has a market capitalization of $493.60 million, a price-to-earnings ratio of 10.74 and a beta of 0.60. The firm has a 50 day moving average price of $59.59 and a 200-day moving average price of $56.14. Home Bancorp has a twelve month low of $39.59 and a twelve month 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.

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

Analyst Upgrades and Downgrades

HBCP has been the subject of several research analyst reports. Zacks Research raised Home Bancorp from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Home Bancorp in a research report on Monday, December 29th. Finally, Hovde Group upped their price target on shares of Home Bancorp from $61.00 to $62.00 and gave the company a “market perform” rating in a research report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.