Home Bancorp, Inc. (NASDAQ:HBCP) Raises Dividend to $0.31 Per Share

Key Points

• Home Bancorp, Inc. has raised its quarterly dividend to $0.31 per share, reflecting a 6.9% increase from the previous dividend of $0.29.
• The company has a payout ratio of 19.7%, indicating that the dividend is well-covered by earnings, and analysts project earnings of $5.22 per share for the next year.
• Despite a recent downgrade from Zacks Research, Home Bancorp has been rated as "buy" by Weiss Ratings, with an average price target of $59.50 according to market analysts.

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) announced a quarterly dividend on Monday, October 20th. Investors of record on Monday, November 3rd will be paid a dividend of 0.31 per share by the bank on Friday, November 14th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date is Monday, November 3rd. This is a 6.9% increase from Home Bancorp's previous quarterly dividend of $0.29.

Home Bancorp has a payout ratio of 19.7% meaning its dividend is sufficiently covered by earnings. 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 opened at $53.97 on Tuesday. The stock has a market capitalization of $422.32 million, a price-to-earnings ratio of 10.36 and a beta of 0.62. Home Bancorp has a 52-week low of $39.59 and a 52-week high of $61.07. The stock's 50 day moving average price is $54.74 and its two-hundred day moving average price is $52.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 0.97.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its quarterly earnings results on Thursday, October 16th. The bank reported $1.59 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $0.22. Home Bancorp had a return on equity of 10.34% and a net margin of 20.09%.During the same quarter in the previous year, the business posted $1.18 EPS. On average, equities analysts predict that Home Bancorp will post 4.78 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research cut Home Bancorp from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Home Bancorp in a research report on Wednesday, October 8th. Finally, Raymond James Financial upped their target price on Home Bancorp from $52.00 to $62.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 23rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $59.50.

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.

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