Home Bancorp, Inc. (NASDAQ:HBCP) Declares $0.25 Quarterly Dividend

Home Bancorp, Inc. (NASDAQ:HBCP) announced a quarterly dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.25 per share by the bank on Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 2.98%. The ex-dividend date of this dividend is Friday, April 26th.

Home Bancorp has raised its dividend by an average of 4.4% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Home Bancorp has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Home Bancorp to earn $4.36 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.9%.

Home Bancorp Trading Down 0.3 %

Home Bancorp stock opened at $33.60 on Friday. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.26. Home Bancorp has a 52 week low of $27.75 and a 52 week high of $44.00. The company has a market capitalization of $273.84 million, a price-to-earnings ratio of 7.09 and a beta of 0.68. The stock has a 50-day moving average price of $36.14 and a 200 day moving average price of $37.20.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.14. Home Bancorp had a return on equity of 10.80% and a net margin of 20.66%. The firm had revenue of $32.76 million during the quarter, compared to the consensus estimate of $33.10 million. Sell-side analysts anticipate that Home Bancorp will post 3.95 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Piper Sandler downgraded Home Bancorp from an “overweight” rating to a “neutral” rating and lifted their target price for the stock from $40.00 to $43.00 in a report on Wednesday, January 24th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Home Bancorp by 7.3% during the third quarter. Royal Bank of Canada now owns 5,089 shares of the bank’s stock valued at $198,000 after acquiring an additional 347 shares in the last quarter. American Century Companies Inc. raised its position in Home Bancorp by 1.0% during the first quarter. American Century Companies Inc. now owns 36,125 shares of the bank’s stock valued at $1,187,000 after acquiring an additional 364 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Home Bancorp by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,847 shares of the bank’s stock valued at $794,000 after acquiring an additional 376 shares in the last quarter. Rhumbline Advisers raised its position in Home Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 10,595 shares of the bank’s stock valued at $362,000 after acquiring an additional 396 shares in the last quarter. Finally, Alliancebernstein L.P. increased its position in shares of Home Bancorp by 7.4% in the fourth quarter. Alliancebernstein L.P. now owns 5,800 shares of the bank’s stock valued at $232,000 after buying an additional 400 shares in the last quarter. 49.41% of the stock is currently owned by hedge funds and other institutional investors.

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.