Home Bancorp, Inc. (NASDAQ:HBCP) to Issue Quarterly Dividend of $0.25

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) declared a quarterly dividend on Wednesday, April 17th, investing.com reports. Investors of record on Monday, April 29th will be paid a dividend of 0.25 per share by the bank on Friday, May 10th. This represents a $1.00 annualized dividend and a yield of 2.77%. The ex-dividend date of this dividend is Friday, April 26th.

Home Bancorp has raised its dividend by an average of 4.4% annually over the last three years and has raised its dividend every year for the last 3 years. Home Bancorp has a payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Home Bancorp to earn $4.36 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 22.9%.

Home Bancorp Stock Up 7.4 %

Shares of NASDAQ HBCP traded up $2.49 during trading hours on Friday, hitting $36.09. The company had a trading volume of 13,899 shares, compared to its average volume of 11,478. Home Bancorp has a 1-year low of $27.75 and a 1-year high of $44.00. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.26. The firm's 50 day moving average is $36.14 and its 200-day moving average is $37.20. The stock has a market capitalization of $294.13 million, a P/E ratio of 7.62 and a beta of 0.68.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last posted its earnings results on Monday, January 22nd. The bank reported $1.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.14. Home Bancorp had a return on equity of 10.80% and a net margin of 20.66%. The business had revenue of $32.76 million for the quarter, compared to analyst estimates of $33.10 million. On average, analysts expect that Home Bancorp will post 3.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler downgraded Home Bancorp from an "overweight" rating to a "neutral" rating and boosted their price target for the company from $40.00 to $43.00 in a research note on Wednesday, January 24th.

Institutional Investors Weigh In On Home Bancorp

A number of hedge funds have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its position in shares of Home Bancorp by 28.4% during the first quarter. American Century Companies Inc. now owns 27,457 shares of the bank's stock worth $1,120,000 after acquiring an additional 6,076 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Home Bancorp by 57.0% in the first quarter. MetLife Investment Management LLC now owns 4,358 shares of the bank's stock worth $178,000 after purchasing an additional 1,582 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Home Bancorp by 4.4% in the first quarter. Dimensional Fund Advisors LP now owns 321,890 shares of the bank's stock valued at $13,130,000 after purchasing an additional 13,421 shares in the last quarter. Sei Investments Co. boosted its position in shares of Home Bancorp by 14.9% during the first quarter. Sei Investments Co. now owns 10,577 shares of the bank's stock valued at $432,000 after buying an additional 1,368 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Home Bancorp by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 20,240 shares of the bank's stock valued at $826,000 after buying an additional 604 shares during the last quarter. 49.41% of the stock is currently owned by institutional investors.

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.