Home Bancorp, Inc. (NASDAQ:HBCP) Shares Will Pay Quarterly Dividend of $0.32

Key Points

• Home Bancorp declared a quarterly dividend of $0.32 per share, payable November 13 to shareholders of record November 2. The dividend equates to $1.28 annually and a 1.9% yield.
• The bank has increased its dividend for 10 consecutive years, with a current payout ratio of 23.4%, indicating substantial earnings coverage. Analysts expect a future payout ratio of about 20.3% based on projected earnings.
• Home Bancorp recently exceeded quarterly earnings expectations, reporting $1.48 in EPS versus the $1.46 consensus estimate, while institutional investors own approximately 49.4% of its shares.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) announced 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 1.9%. The ex-dividend date is Monday, November 2nd.

Home Bancorp has raised its dividend by an average of 0.1% per year over the last three years and has increased 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. Equities research analysts expect Home Bancorp to earn $6.32 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 20.3%.

Home Bancorp Price Performance

Shares of HBCP stock opened at $65.78 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.97 and a current ratio of 0.97. Home Bancorp has a fifty-two week low of $52.06 and a fifty-two week high of $74.50. The firm has a market cap of $515.72 million, a P/E ratio of 11.02 and a beta of 0.52. The business's 50 day moving average price is $68.52 and its 200-day moving average price is $67.10.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its earnings results on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.02. Home Bancorp had a return on equity of 10.65% and a net margin of 22.23%. The company had revenue of $39.72 million during the quarter, compared to the consensus estimate of $38.57 million. On average, equities research analysts anticipate that Home Bancorp will post 5.98 earnings per share for the current year.

Insiders Place Their Bets

In other Home Bancorp news, EVP John Zollinger, IV sold 750 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $71.68, for a total transaction of $53,760.00. Following the transaction, the executive vice president owned 7,643 shares in the company, valued at approximately $547,850.24. This represents a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.20% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HBCP. GAMMA Investing LLC raised its holdings in Home Bancorp by 14.8% in the third quarter. GAMMA Investing LLC now owns 1,641 shares of the bank's stock worth $108,000 after purchasing an additional 211 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Home Bancorp by 803.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 461 shares of the bank's stock valued at $30,000 after buying an additional 410 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Home Bancorp during the 2nd quarter valued at $215,000. Integrated Wealth Concepts LLC bought a new stake in shares of Home Bancorp during the 2nd quarter valued at $55,000. Finally, Squarepoint Ops LLC grew its position in shares of Home Bancorp by 76.1% in the 2nd quarter. Squarepoint Ops LLC now owns 7,752 shares of the bank's stock worth $531,000 after buying an additional 3,351 shares during the period. Hedge funds and other institutional investors own 49.41% of the company's stock.

Home Bancorp Company Profile

Home Bancorp, Inc is the holding company for Home Bank, a community-focused bank headquartered in Lafayette Hill, Pennsylvania. The company serves individuals, families, professionals and businesses through a network of banking offices in southeastern Pennsylvania and surrounding communities.

Home Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential mortgage loans, home equity financing, commercial real estate loans, construction and development financing, commercial business loans and consumer loans.

Through its community banking model, Home Bancorp focuses on relationship-based service and local decision-making.

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