Home Bancorp, Inc. (NASDAQ:HBCP) Increases Dividend to $0.29 Per Share

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) declared a quarterly dividend on Monday, July 21st, RTT News reports. Stockholders of record on Monday, August 4th will be given a dividend of 0.29 per share by the bank on Friday, August 15th. This represents a $1.16 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, August 4th. This is a 7.4% increase from Home Bancorp's previous quarterly dividend of $0.27.

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 2.7%

Home Bancorp stock traded down $1.55 during mid-day trading on Thursday, hitting $55.42. The company's stock had a trading volume of 35,090 shares, compared to its average volume of 61,792. The company has a 50 day moving average of $52.26 and a 200-day moving average of $48.77. The stock has a market cap of $432.28 million, a PE ratio of 10.64 and a beta of 0.56. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp has a one year low of $37.35 and a one year high of $61.07.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, July 21st. The bank reported $1.45 EPS for the quarter, beating the consensus estimate of $1.24 by $0.21. The company had revenue of $37.07 million for the quarter, compared to the consensus estimate of $32.07 million. Home Bancorp had a return on equity of 10.42% and a net margin of 20.09%. On average, research analysts anticipate that Home Bancorp will post 4.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Hovde Group upped their price objective on Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a research note on Thursday, April 24th. Piper Sandler upped their price objective on Home Bancorp from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 23rd. Wall Street Zen upgraded Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Finally, Raymond James Financial upped their price objective on Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research note on Wednesday.

Insider Activity

In other Home Bancorp news, Director Daniel G. Guidry sold 500 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $52.40, for a total transaction of $26,200.00. Following the transaction, the director owned 64,319 shares in the company, valued at approximately $3,370,315.60. This represents a 0.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO David T. Kirkley sold 2,284 shares of the stock in a transaction that occurred on Friday, April 25th. The stock was sold at an average price of $48.53, for a total value of $110,842.52. Following the transaction, the chief financial officer owned 3,633 shares in the company, valued at $176,309.49. This represents a 38.60% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,784 shares of company stock worth $238,923. 7.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Bancorp

A number of institutional investors have recently added to or reduced their stakes in HBCP. Royal Bank of Canada lifted its position in Home Bancorp by 11.8% during the first quarter. Royal Bank of Canada now owns 5,771 shares of the bank's stock worth $258,000 after buying an additional 607 shares in the last quarter. AQR Capital Management LLC increased its stake in Home Bancorp by 80.7% during the first quarter. AQR Capital Management LLC now owns 12,258 shares of the bank's stock worth $549,000 after acquiring an additional 5,476 shares during the last quarter. Empowered Funds LLC raised its position in Home Bancorp by 7.3% in the first quarter. Empowered Funds LLC now owns 33,749 shares of the bank's stock valued at $1,512,000 after purchasing an additional 2,301 shares during the period. Finally, Jane Street Group LLC purchased a new stake in Home Bancorp in the first quarter valued at $612,000. Hedge funds and other institutional investors own 49.41% of the company's stock.

Home Bancorp Company Profile

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.