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

Home Bancorp, Inc. (NASDAQ:HBCP – Get Rating) declared a quarterly dividend on Tuesday, January 24th, Zacks reports. Shareholders of record on Monday, February 6th will be given a dividend of 0.25 per share by the bank on Friday, February 17th. This represents a $1.00 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Friday, February 3rd. This is an increase from Home Bancorp’s previous quarterly dividend of $0.24.

Home Bancorp has increased its dividend payment by an average of 3.5% per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Home Bancorp has a dividend payout ratio of 18.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Home Bancorp to earn $5.45 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 17.6%.

Home Bancorp Price Performance

Shares of HBCP opened at $39.07 on Wednesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50 day moving average price of $41.08 and a 200-day moving average price of $40.10. Home Bancorp has a fifty-two week low of $33.16 and a fifty-two week high of $43.73. The stock has a market capitalization of $323.50 million, a PE ratio of 9.60 and a beta of 0.69.

Institutional Investors Weigh In On Home Bancorp

A number of large investors have recently modified their holdings of the business. UBS Group AG boosted its stake in Home Bancorp by 224.1% in the 3rd quarter. UBS Group AG now owns 1,144 shares of the bank’s stock worth $45,000 after purchasing an additional 791 shares in the last quarter. BNP Paribas Arbitrage SNC raised its stake in Home Bancorp by 99.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,699 shares of the bank’s stock worth $144,000 after acquiring an additional 1,844 shares during the last quarter. MetLife Investment Management LLC lifted its position in Home Bancorp by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 4,358 shares of the bank’s stock worth $178,000 after acquiring an additional 1,582 shares during the period. Royal Bank of Canada grew its stake in Home Bancorp by 7.3% during the 3rd quarter. Royal Bank of Canada now owns 5,089 shares of the bank’s stock valued at $198,000 after purchasing an additional 347 shares during the last quarter. Finally, Alliancebernstein L.P. acquired a new position in shares of Home Bancorp in the third quarter valued at about $211,000. Hedge funds and other institutional investors own 39.09% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. StockNews.com cut Home Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, January 10th. Piper Sandler boosted their price objective on shares of Home Bancorp to $51.00 in a research note on Thursday, September 29th.

Home Bancorp Company Profile

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Home Bancorp, Inc operates as a bank holding company. Its subsidiary, Home Bank, N.A., offers a full range of deposit and loan products through banking centers in South Louisiana and Western Mississippi. The company was founded in 2008 and is headquartered in Lafayette, LA.