Home Bancorp, Inc. (NASDAQ:HBCP) to Issue Dividend Increase - $0.27 Per Share

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) declared a quarterly dividend on Monday, January 27th,RTT News reports. Shareholders of record on Monday, February 10th will be paid a dividend of 0.27 per share by the bank on Friday, February 21st. This represents a $1.08 annualized dividend and a yield of 2.23%. This is an increase from Home Bancorp's previous quarterly dividend of $0.26.

Home Bancorp has increased its dividend payment by an average of 3.5% per year over the last three years. Home Bancorp has a payout ratio of 21.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Home Bancorp to earn $4.63 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 22.5%.

Home Bancorp Price Performance

Shares of Home Bancorp stock traded up $0.80 during trading hours on Monday, hitting $48.37. The company's stock had a trading volume of 19,600 shares, compared to its average volume of 23,423. The company has a market cap of $390.83 million, a PE ratio of 10.73 and a beta of 0.71. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.96 and a current ratio of 0.96. The business has a 50 day moving average price of $47.53 and a two-hundred day moving average price of $45.07. Home Bancorp has a 12-month low of $33.30 and a 12-month high of $52.39.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The bank reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.07. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%. Analysts expect that Home Bancorp will post 4.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HBCP has been the subject of several research reports. Hovde Group downgraded shares of Home Bancorp from an "outperform" rating to a "market perform" rating and increased their price objective for the company from $53.00 to $54.50 in a report on Tuesday, November 12th. StockNews.com cut shares of Home Bancorp from a "buy" rating to a "hold" rating in a research report on Wednesday, January 22nd. Finally, Raymond James upgraded shares of Home Bancorp from a "market perform" rating to an "outperform" rating and set a $50.00 price objective for the company in a research report on Monday, October 21st.

About Home Bancorp

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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