Home Bancorp, Inc. Plans Quarterly Dividend of $0.25 (NASDAQ:HBCP)

Home Bancorp, Inc. (NASDAQ:HBCPGet Free Report) declared a quarterly dividend on Monday, January 22nd, Zacks reports. Investors of record on Monday, February 5th will be paid a dividend of 0.25 per share by the bank on Friday, February 16th. This represents a $1.00 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Friday, February 2nd.

Home Bancorp has increased its dividend by an average of 4.4% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Home Bancorp has a dividend payout ratio of 23.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Home Bancorp to earn $4.36 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 22.9%.

Home Bancorp Price Performance

Shares of Home Bancorp stock opened at $42.16 on Wednesday. Home Bancorp has a twelve month low of $27.75 and a twelve month high of $44.00. The business has a 50-day moving average price of $40.28 and a 200 day moving average price of $36.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.28. The firm has a market cap of $343.60 million, a PE ratio of 8.45 and a beta of 0.67.

Analyst Upgrades and Downgrades

HBCP has been the subject of several research reports. StockNews.com initiated coverage on Home Bancorp in a research note on Thursday, October 5th. They set a “hold” rating for the company. Piper Sandler lowered Home Bancorp from an “overweight” rating to a “neutral” rating and boosted their price objective for the stock from $40.00 to $43.00 in a research note on Wednesday, January 24th.

View Our Latest Analysis on Home Bancorp

Insiders Place Their Bets

In other Home Bancorp news, CFO David T. Kirkley sold 1,150 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $39.99, for a total transaction of $45,988.50. Following the completion of the sale, the chief financial officer now directly owns 4,639 shares in the company, valued at approximately $185,513.61. The transaction was disclosed in a document filed with the SEC, which is available through this link. 7.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Home Bancorp by 154.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,100 shares of the bank’s stock worth $35,000 after purchasing an additional 668 shares during the last quarter. UBS Group AG boosted its holdings in shares of Home Bancorp by 224.1% during the 3rd quarter. UBS Group AG now owns 1,144 shares of the bank’s stock worth $45,000 after purchasing an additional 791 shares during the last quarter. Citigroup Inc. boosted its holdings in shares of Home Bancorp by 108,050.0% during the 2nd quarter. Citigroup Inc. now owns 2,163 shares of the bank’s stock worth $72,000 after purchasing an additional 2,161 shares during the last quarter. Barclays PLC boosted its holdings in shares of Home Bancorp by 468.7% during the 4th quarter. Barclays PLC now owns 1,962 shares of the bank’s stock worth $79,000 after purchasing an additional 1,617 shares during the last quarter. Finally, BNP Paribas Arbitrage SNC boosted its holdings in shares of Home Bancorp by 99.4% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,699 shares of the bank’s stock worth $144,000 after purchasing an additional 1,844 shares during the last quarter. 42.14% of the stock is currently owned by institutional investors and hedge funds.

About Home Bancorp

(Get Free Report)

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.

Featured Stories

Dividend History for Home Bancorp (NASDAQ:HBCP)

Receive News & Ratings for Home Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.