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

Home Bancorp, Inc. (NASDAQ:HBCPGet 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.

Further Reading

Dividend History for Home Bancorp (NASDAQ:HBCP)

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