Home Bancorp, Inc. (NASDAQ:HBCP) Plans Quarterly Dividend of $0.27

Home Bancorp, Inc. (NASDAQ:HBCP) declared a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders 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 annualized dividend and a dividend yield of 2.23%. This is a positive change 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% meaning its dividend is sufficiently covered by earnings. Research 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 Home Bancorp stock opened at $48.37 on Tuesday. The company has a market capitalization of $390.83 million, a PE ratio of 10.73 and a beta of 0.71. Home Bancorp has a 52 week low of $33.30 and a 52 week high of $52.39. The stock’s fifty day moving average is $47.53 and its two-hundred day moving average is $45.07. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24.

Home Bancorp (NASDAQ:HBCP) last issued its earnings results on Monday, January 27th. The bank reported $1.21 earnings per share 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 quarter last year, the firm posted $1.17 earnings per share. As a group, analysts expect that Home Bancorp will post 4.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

HBCP has been the subject of several research reports. Raymond James raised shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Monday, October 21st. Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $53.00 to $54.50 in a research report on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Home Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, January 22nd.

Home Bancorp Company Profile

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.