Home Bancorp, Inc. (HBCP) to Issue Quarterly Dividend of $0.25 on May 10th

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

Home Bancorp has raised its dividend by an average of 4.4% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Home Bancorp has a 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 firm has a 50 day moving average of $36.14 and a 200 day moving average of $37.20. The firm has a market capitalization of $273.84 million, a price-to-earnings ratio of 7.09 and a beta of 0.68. Home Bancorp has a 12-month low of $27.75 and a 12-month high of $44.00. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26.

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in Home Bancorp by 154.6% in the 3rd quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the bank’s stock worth $35,000 after purchasing an additional 668 shares during the period. UBS Group AG boosted its stake in Home Bancorp by 224.1% in the 3rd quarter. UBS Group AG now owns 1,144 shares of the bank’s stock worth $45,000 after purchasing an additional 791 shares during the period. Citigroup Inc. boosted its stake in Home Bancorp by 108,050.0% in the 2nd quarter. Citigroup Inc. now owns 2,163 shares of the bank’s stock worth $72,000 after purchasing an additional 2,161 shares during the period. Barclays PLC boosted its stake in Home Bancorp by 468.7% in the 4th quarter. Barclays PLC now owns 1,962 shares of the bank’s stock worth $79,000 after purchasing an additional 1,617 shares during the period. Finally, BNP Paribas Arbitrage SNC boosted its stake in Home Bancorp by 99.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,699 shares of the bank’s stock worth $144,000 after purchasing an additional 1,844 shares during the period. 49.41% of the stock is currently owned by 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.