Home Bancorp, Inc. (NASDAQ:HBCP) Plans Quarterly Dividend of $0.29

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 paid a dividend of 0.29 per share by the bank on Friday, August 15th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.05%. This is a 7.4% increase from Home Bancorp's previous quarterly dividend of $0.27.

Home Bancorp has a dividend 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 Price Performance

Home Bancorp stock traded up $0.39 during mid-day trading on Monday, reaching $56.47. 38,146 shares of the company's stock traded hands, compared to its average volume of 27,730. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.17. Home Bancorp has a 12-month low of $37.35 and a 12-month high of $57.31. The stock has a 50 day moving average of $51.87 and a two-hundred day moving average of $48.51. The company has a market cap of $440.47 million, a price-to-earnings ratio of 11.81 and a beta of 0.56.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last released its quarterly earnings results on Monday, July 21st. The bank reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.21. Home Bancorp had a return on equity of 9.74% and a net margin of 18.82%. Equities analysts forecast that Home Bancorp will post 4.78 earnings per share for the current year.

Insider Activity at Home Bancorp

In other Home Bancorp news, Director Daniel G. Guidry sold 500 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $52.40, for a total transaction of $26,200.00. Following the completion of the transaction, the director owned 64,319 shares in the company, valued at approximately $3,370,315.60. This trade represents a 0.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO David T. Kirkley sold 2,284 shares of Home Bancorp stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $48.53, for a total value of $110,842.52. Following the transaction, the chief financial officer directly owned 3,633 shares of the company's stock, valued at $176,309.49. The trade was a 38.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 4,784 shares of company stock valued at $238,923 over the last ninety days. 7.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Home Bancorp

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

Wall Street Analysts Forecast Growth

HBCP has been the subject of several research reports. Wall Street Zen upgraded Home Bancorp from a "hold" rating to a "buy" rating in a research note on Wednesday, May 14th. Piper Sandler lifted their price target on shares of Home Bancorp from $60.00 to $65.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd. Finally, Hovde Group lifted their price target on shares of Home Bancorp from $48.50 to $51.50 and gave the stock a "market perform" rating in a report on Thursday, April 24th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.