Home Bancorp, Inc. (HBCP) To Go Ex-Dividend on November 2nd

Home Bancorp, Inc. (NASDAQ:HBCP) declared a quarterly dividend on Monday, October 19th. Shareholders of record on Monday, November 2nd will be given a dividend of $0.32 per share by the bank on Friday, November 13th. This represents a $1.28 annualized dividend and a yield of 2.1%. The ex-dividend date is Monday, November 2nd.

Home Bancorp has raised its dividend by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 10 consecutive years. Home Bancorp has a dividend payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Home Bancorp to earn $6.18 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.7%.

Home Bancorp Stock Down 1.2%

Shares of Home Bancorp stock opened at $60.61 on Friday. The stock’s fifty day moving average is $66.66 and its 200-day moving average is $65.02. The firm has a market capitalization of $475.36 million, a PE ratio of 10.69 and a beta of 0.52. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 0.12. Home Bancorp has a 12-month low of $52.06 and a 12-month high of $74.50.

Home Bancorp (NASDAQ:HBCP) last issued its quarterly earnings results on Monday, October 19th. The bank reported $1.28 EPS for the quarter, missing the consensus estimate of $1.50 by ($0.22). The firm had revenue of $40.12 million during the quarter, compared to analysts’ expectations of $40.23 million. Home Bancorp had a net margin of 21.05% and a return on equity of 10.01%. Equities analysts anticipate that Home Bancorp will post 5.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on HBCP shares. Weiss Ratings downgraded shares of Home Bancorp from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Tuesday. Raymond James Financial set a $66.00 price target on Home Bancorp in a report on Wednesday, October 21st. Finally, Piper Sandler reduced their price objective on shares of Home Bancorp from $71.00 to $64.00 and set a “neutral” rating for the company in a research note on Wednesday, October 21st. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Home Bancorp presently has an average rating of “Hold” and an average target price of $65.17.

Home Bancorp Company Profile

Home Bancorp, Inc is the holding company for Home Bank, N.A., a community-oriented financial institution headquartered in Lafayette, Louisiana. Home Bank provides banking and financial services to individuals, families, businesses and organizations through a network of branches and digital banking channels.

The bank’s products and services include checking and savings accounts, certificates of deposit, residential mortgage loans, home equity financing, commercial real estate loans, commercial business loans and consumer lending.