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
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
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.
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