Home Bancorp (NASDAQ:HBCP) Posts Earnings Results, Beats Expectations By $0.07 EPS

Home Bancorp (NASDAQ:HBCP) posted its quarterly earnings results on Monday. The bank reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.07, Zacks reports. Home Bancorp had a net margin of 18.55% and a return on equity of 9.58%.

Home Bancorp Price Performance

NASDAQ:HBCP traded up $0.80 during midday trading on Monday, hitting $48.37. The company had a trading volume of 19,600 shares, compared to its average volume of 23,423. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.24. The stock’s fifty day moving average price is $47.53 and its 200-day moving average price is $45.07. Home Bancorp has a 52-week low of $33.30 and a 52-week high of $52.39. The company has a market capitalization of $390.83 million, a PE ratio of 10.73 and a beta of 0.71.

Home Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Monday, February 10th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 2.23%. This is a boost from Home Bancorp’s previous quarterly dividend of $0.26. Home Bancorp’s payout ratio is currently 23.06%.

Wall Street Analyst Weigh In

A number of analysts recently commented on HBCP shares. Raymond James upgraded shares of Home Bancorp from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a research note on Monday, October 21st. StockNews.com cut Home Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Hovde Group downgraded Home Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $53.00 to $54.50 in a research note on Tuesday, November 12th.

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.