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

Home Bancorp, Inc. (NASDAQ:HBCP) announced a quarterly dividend on Monday, January 27th,RTT News reports. Investors of record on Monday, February 10th will be given 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 boost from Home Bancorp’s previous quarterly dividend of $0.26.

Home Bancorp has increased its dividend by an average of 3.5% per year over the last three years. Home Bancorp has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.7 %

Shares of HBCP stock opened at $48.37 on Tuesday. The stock has a market capitalization of $390.83 million, a P/E ratio of 10.73 and a beta of 0.71. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. The firm’s 50 day moving average is $47.53 and its 200 day moving average is $45.07. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.39.

Home Bancorp (NASDAQ:HBCP) last posted 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 period in the prior year, the business earned $1.17 EPS. Research analysts expect that Home Bancorp will post 4.48 earnings per share for the current year.

Wall Street Analyst Weigh In

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