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

Home Bancorp (NASDAQ:HBCP) issued its earnings results on Monday. The bank reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.14 by $0.07, Zacks reports. Home Bancorp had a return on equity of 9.58% and a net margin of 18.55%. During the same period in the prior year, the company earned $1.17 EPS.

Home Bancorp Stock Up 1.7 %

HBCP stock opened at $48.37 on Tuesday. The business’s 50-day simple moving average is $47.53 and its 200 day simple moving average is $45.07. 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 company has a market cap of $390.83 million, a PE ratio of 10.73 and a beta of 0.71. Home Bancorp has a twelve month low of $33.30 and a twelve month high of $52.39.

Home Bancorp Increases Dividend

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

Wall Street Analyst Weigh In

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

Home Bancorp Company Profile

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.