Home Bancorp, Inc. (NASDAQ:HBCP) Announces Dividend Increase - $0.26 Per Share

Home Bancorp, Inc. (NASDAQ:HBCP - Get Free Report) declared a quarterly dividend on Thursday, October 17th, Zacks reports. Investors of record on Monday, October 28th will be given a dividend of 0.26 per share by the bank on Friday, November 8th. This represents a $1.04 dividend on an annualized basis and a yield of 2.32%. The ex-dividend date is Monday, October 28th. This is a positive change from Home Bancorp's previous quarterly dividend of $0.25.

Home Bancorp has raised its dividend payment by an average of 4.4% per year over the last three years. Home Bancorp has a dividend payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Home Bancorp to earn $4.39 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 22.8%.

Home Bancorp Stock Down 0.2 %

Shares of NASDAQ HBCP traded down $0.10 during midday trading on Friday, hitting $44.90. 18,735 shares of the stock traded hands, compared to its average volume of 13,858. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.96 and a current ratio of 0.96. Home Bancorp has a one year low of $33.00 and a one year high of $45.44. The business has a 50 day moving average price of $42.70 and a two-hundred day moving average price of $39.69. The company has a market cap of $364.95 million, a PE ratio of 9.47 and a beta of 0.69.

Home Bancorp (NASDAQ:HBCP - Get Free Report) last announced its quarterly earnings results on Wednesday, July 17th. The bank reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The business had revenue of $49.21 million for the quarter, compared to analysts' expectations of $31.90 million. Home Bancorp had a net margin of 19.16% and a return on equity of 9.98%. During the same quarter last year, the firm earned $1.21 EPS. On average, equities analysts predict that Home Bancorp will post 4.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised their price objective on Home Bancorp from $45.00 to $48.50 and gave the company an "outperform" rating in a research note on Friday, July 19th.

Insiders Place Their Bets

In related news, Director Daniel G. Guidry sold 5,000 shares of the business's stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $41.48, for a total value of $207,400.00. Following the transaction, the director now directly owns 66,819 shares of the company's stock, valued at approximately $2,771,652.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 7.30% of the company's stock.

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.