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

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) declared a quarterly dividend on Monday, April 21st, RTT News reports. Stockholders of record on Monday, May 5th will be paid a dividend of 0.27 per share by the bank on Friday, May 16th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, May 5th.

Home Bancorp has increased its dividend payment by an average of 3.5% annually over the last three years. Home Bancorp has a payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Home Bancorp to earn $5.22 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 20.7%.

Home Bancorp Trading Down 1.9 %

HBCP stock traded down $0.97 during trading on Friday, hitting $49.42. The company had a trading volume of 17,112 shares, compared to its average volume of 20,006. The stock has a market cap of $396.40 million, a PE ratio of 10.86 and a beta of 0.55. The business has a 50-day moving average of $45.17 and a 200-day moving average of $46.97. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.24. Home Bancorp has a one year low of $34.51 and a one year high of $52.77.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings data on Monday, April 21st. The bank reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.23. Home Bancorp had a net margin of 18.27% and a return on equity of 9.57%. The company had revenue of $35.76 million for the quarter, compared to analyst estimates of $30.90 million. During the same period in the prior year, the firm posted $1.14 EPS. Research analysts predict that Home Bancorp will post 4.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Piper Sandler raised their target price on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday. StockNews.com cut shares of Home Bancorp from a "buy" rating to a "hold" rating in a research report on Friday, March 21st. Finally, Hovde Group boosted their target price on Home Bancorp from $48.50 to $51.50 and gave the company a "market perform" rating in a research report on Thursday.

Insider Activity at Home Bancorp

In other Home Bancorp news, CFO David T. Kirkley sold 2,284 shares of Home Bancorp stock in a transaction dated Friday, April 25th. The stock was sold at an average price of $48.53, for a total transaction of $110,842.52. Following the completion of the transaction, the chief financial officer now owns 3,633 shares in the company, valued at approximately $176,309.49. The trade was a 38.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.90% of the stock is currently owned by insiders.

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.