Home Bancorp (HBCP) Declares $0.25 Dividend

Home Bancorp said on January 24, 2023 that its board of directors declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Shareholders of record as of February 3, 2023 will receive the payment on February 17, 2023. Previously, the company paid $0.24 per share.

At the current share price of $37.78 / share, the stock's dividend yield is 2.65%. Looking back five years and taking a sample every week, the average dividend yield has been 2.41%, the lowest has been 1.36%, and the highest has been 4.56%. The standard deviation of yields is 0.60 (n=236).

The current dividend yield is 0.39 standard deviations above the historical average.

Additionally, the company's dividend payout ratio is 0.25. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 0.14%, demonstrating that it has increased its dividend over time.

Analyst Price Forecast Suggests 32.27% Upside

As of January 31, 2023, the average one-year price target for Home Bancorp is $49.98. The forecasts range from a low of $42.42 to a high of $57.75. The average price target represents an increase of 32.27% from its latest reported closing price of $37.78.

The projected annual revenue for Home Bancorp is $140MM, an increase of 16.91%. The projected annual EPS is $5.33, an increase of 30.22%.

Fund Sentiment

There are 226 funds or institutions reporting positions in Home Bancorp. This is a decrease of two owner(s) or 0.88% in the last quarter.

Average portfolio weight of all funds dedicated to US:HBCP is 0.0518%, an increase of 24.6648%. Total shares owned by institutions decreased in the last three months by 1.84% to 3,615K shares.

What are large shareholders doing?

FJ Capital Management holds 643,000 shares representing 7.76% ownership of the company. In it's prior filing, the firm reported owning 624,000 shares, representing an increase of 2.95%. The firm increased its portfolio allocation in HBCP by 46.56% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 205,685 shares representing 2.48% ownership of the company. No change in the last quarter.

IWM - iShares Russell 2000 ETF holds 166,719 shares representing 2.01% ownership of the company. In it's prior filing, the firm reported owning 175,738 shares, representing a decrease of 5.41%. The firm increased its portfolio allocation in HBCP by 17.37% over the last quarter.

Geode Capital Management holds 133,467 shares representing 1.61% ownership of the company. In it's prior filing, the firm reported owning 132,311 shares, representing an increase of 0.87%. The firm increased its portfolio allocation in HBCP by 19.33% over the last quarter.

Renaissance Technologies holds 118,773 shares representing 1.43% ownership of the company. In it's prior filing, the firm reported owning 145,273 shares, representing a decrease of 22.31%. The firm increased its portfolio allocation in HBCP by 11.62% over the last quarter.

Home Bancorp Background Information
(This description is provided by the company.)

Home Bancorp, Inc. is the parent company for Home Bank, N. A., a national bank headquartered in Lafayette, Louisiana. Home Bank, founded in 1908 as Home Building & Loan, is the oldest financial institution founded in Lafayette Parish. With 40 locations across South Louisiana and Western Mississippi, Home Bank is committed to serving the needs of its customers and communities. Customer relationships have always been Home Bank's trademark and that tradition continues as it grows, invests and serves its customers and communities.

This story originally appeared on Fintel.