Home Bancorp, Inc. (NASDAQ:HBCP) Raises Dividend to $0.27 Per Share

Home Bancorp, Inc. (NASDAQ:HBCP) declared a quarterly dividend on Monday, January 27th,RTT News reports. Stockholders of record on Monday, February 10th will be paid a dividend of 0.27 per share by the bank on Friday, February 21st. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Monday, February 10th. This is an increase from Home Bancorp’s previous quarterly dividend of $0.26.

Home Bancorp has raised its dividend by an average of 3.5% annually over the last three years. Home Bancorp has a dividend payout ratio of 21.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Home Bancorp to earn $4.63 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 22.5%.

Home Bancorp Stock Performance

Shares of NASDAQ HBCP opened at $50.48 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market cap of $407.88 million, a price-to-earnings ratio of 11.19 and a beta of 0.71. The business’s 50-day simple moving average is $47.53 and its 200-day simple moving average is $45.12. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39.

Home Bancorp (NASDAQ:HBCP) last released its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. During the same period last year, the company posted $1.17 EPS. As a group, equities research analysts expect that Home Bancorp will post 4.48 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HBCP. Hovde Group lowered Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. StockNews.com lowered Home Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Raymond James raised Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Monday, October 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.