Home Bancorp, Inc. (NASDAQ:HBCP) Announces Dividend Increase – $0.25 Per Share

Home Bancorp, Inc. (NASDAQ:HBCP – Get Rating) announced a quarterly dividend on Tuesday, January 24th, Zacks reports. Investors 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 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Friday, February 3rd. This is a positive change from Home Bancorp’s previous quarterly dividend of $0.24.

Home Bancorp has raised its dividend 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. 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 Stock Performance

NASDAQ:HBCP opened at $39.07 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.25. Home Bancorp has a 12-month low of $33.16 and a 12-month high of $43.73. The stock has a 50-day moving average price of $41.08 and a 200 day moving average price of $40.10. The stock has a market capitalization of $323.50 million, a P/E ratio of 9.60 and a beta of 0.69.

Hedge Funds Weigh In On Home Bancorp

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in Home Bancorp by 224.1% during the 3rd quarter. UBS Group AG now owns 1,144 shares of the bank’s stock valued at $45,000 after buying an additional 791 shares in the last quarter. BNP Paribas Arbitrage SNC grew its holdings in Home Bancorp by 99.4% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,699 shares of the bank’s stock valued at $144,000 after buying an additional 1,844 shares in the last quarter. MetLife Investment Management LLC grew its holdings in Home Bancorp by 57.0% during the 1st quarter. MetLife Investment Management LLC now owns 4,358 shares of the bank’s stock valued at $178,000 after buying an additional 1,582 shares in the last quarter. Royal Bank of Canada grew its holdings 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 buying an additional 347 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in Home Bancorp during the 3rd quarter valued at approximately $211,000. Hedge funds and other institutional investors own 39.09% of the company’s stock.

Analyst Upgrades and Downgrades

HBCP has been the subject of several research analyst reports. Piper Sandler increased their target price on Home Bancorp to $51.00 in a research report on Thursday, September 29th. StockNews.com cut Home Bancorp from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th.

About Home Bancorp

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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.