Home Bancorp, Inc. (NASDAQ:HBCP) Increases Dividend to $0.32 Per Share

Home Bancorp, Inc. (NASDAQ:HBCP) announced a quarterly dividend on Monday, July 20th. Investors of record on Monday, August 3rd will be paid a dividend of 0.32 per share by the bank on Friday, August 14th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 3rd. This is a 3.2% increase from Home Bancorp’s previous quarterly dividend of $0.31.

Home Bancorp has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Home Bancorp has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Home Bancorp to earn $6.31 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 19.7%.

Home Bancorp Price Performance

HBCP opened at $68.37 on Tuesday. The stock has a fifty day simple moving average of $66.55 and a two-hundred day simple moving average of $63.01. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.12. The company has a market cap of $536.02 million, a price-to-earnings ratio of 11.49 and a beta of 0.49. Home Bancorp has a 12-month low of $49.49 and a 12-month high of $71.69.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Home Bancorp had a return on equity of 10.86% and a net margin of 22.18%.The business had revenue of $39.72 million during the quarter, compared to analyst estimates of $38.57 million. Research analysts predict that Home Bancorp will post 5.98 earnings per share for the current fiscal year.

About Home Bancorp

Home Bancorp, Inc is the bank holding company for The Home National Bank, a full-service financial institution headquartered in Lafayette, Louisiana. The company operates as a regional commercial bank serving individuals, small businesses and municipalities across Louisiana and East Texas. Through its network of branches and digital banking platforms, Home Bancorp offers a range of deposit and lending solutions designed to meet the needs of its local markets.

The company’s core offerings include retail deposit products such as checking, savings and money market accounts, as well as a variety of commercial and consumer lending services.