Home Bancorp, Inc. (NASDAQ:HBCP) Plans Quarterly Dividend of $0.32

Home Bancorp, Inc. (NASDAQ:HBCP) announced a quarterly dividend on Monday, October 19th. Investors of record on Monday, November 2nd will be given a dividend of $0.32 per share by the bank on Friday, November 13th. This represents a $1.28 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Monday, November 2nd.

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 every year for the last 10 years. Home Bancorp has a payout ratio of 23.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Home Bancorp to earn $6.32 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 20.3%.

Home Bancorp Stock Down 7.0%

Shares of HBCP opened at $61.19 on Tuesday. The firm has a market cap of $479.74 million, a P/E ratio of 10.53 and a beta of 0.52. The stock has a 50 day simple moving average of $68.52 and a two-hundred day simple moving average of $67.10. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.97 and a quick ratio of 0.97. Home Bancorp has a 1 year low of $52.06 and a 1 year high of $74.50.

Home Bancorp (NASDAQ:HBCP) last announced its quarterly earnings data on Monday, July 20th. The bank reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. Home Bancorp had a net margin of 22.23% and a return on equity of 10.65%. The firm had revenue of $39.72 million during the quarter, compared to analyst estimates of $38.57 million. On average, analysts forecast that Home Bancorp will post 5.98 earnings per share for the current fiscal year.

Home Bancorp Company Profile

Home Bancorp, Inc is the holding company for Home Bank, a community-focused bank headquartered in Lafayette Hill, Pennsylvania. The company serves individuals, families, professionals and businesses through a network of banking offices in southeastern Pennsylvania and surrounding communities.

Home Bank offers a range of deposit products, including checking, savings, money market and certificate of deposit accounts. Its lending activities include residential mortgage loans, home equity financing, commercial real estate loans, construction and development financing, commercial business loans and consumer loans.

Through its community banking model, Home Bancorp focuses on relationship-based service and local decision-making.