Home Bancorp, Inc. (NASDAQ:HBCP) to Issue $0.25 Quarterly Dividend

Home Bancorp, Inc. (NASDAQ:HBCP) announced a quarterly dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Monday, April 29th will be paid a dividend of 0.25 per share by the bank on Friday, May 10th. This represents a $1.00 dividend on an annualized basis and a yield of 2.74%. 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 dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. 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 Stock Up 1.4 %

Shares of HBCP stock opened at $36.48 on Thursday. Home Bancorp has a 12 month low of $27.75 and a 12 month high of $44.00. The stock has a market cap of $297.31 million, a P/E ratio of 7.70 and a beta of 0.68. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.26. The company has a 50 day simple moving average of $36.05 and a two-hundred day simple moving average of $37.35.

Home Bancorp (NASDAQ:HBCP) last announced its earnings results on Monday, January 22nd. The bank reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.14. Home Bancorp had a net margin of 20.66% and a return on equity of 10.80%. The business had revenue of $32.76 million during the quarter, compared to analysts’ expectations of $33.10 million. On average, research analysts expect that Home Bancorp will post 3.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.