HopFed Bancorp Inc. (HFBC) Raised to “Hold” at Zacks Investment Research
According to Zacks, “HopFed Bancorp, Inc. was incorporated for the purpose of serving as a savings and loan holding company for Hopkinsville Federal Savings Bank. The business of the bank primarily consists of attracting deposits from the general public and investing such deposits in loans secured by single family residential real estate and investment securities, including U.S. Government and agency securities and mortgage-backed securities. The bank also originates single-family residential/construction loans and multi-family and commercial real estate loans. “
Separately, TheStreet downgraded shares of HopFed Bancorp from a buy rating to a hold rating in a research report on Thursday, July 21st.
HopFed Bancorp (NASDAQ:HFBC) opened at 11.16 on Tuesday. The company has a market capitalization of $69.55 million, a P/E ratio of 34.98 and a beta of 0.45. The firm has a 50-day moving average of $11.35 and a 200 day moving average of $11.52. HopFed Bancorp has a one year low of $10.82 and a one year high of $12.52.
HopFed Bancorp (NASDAQ:HFBC) last issued its quarterly earnings data on Friday, July 29th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.06. HopFed Bancorp had a net margin of 5.00% and a return on equity of 2.24%. On average, equities analysts forecast that HopFed Bancorp will post $0.33 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Investors of record on Monday, October 3rd will be given a dividend of $0.04 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.16 dividend on an annualized basis and a yield of 1.43%. HopFed Bancorp’s dividend payout ratio (DPR) is 51.61%.
An institutional investor recently raised its position in HopFed Bancorp stock. Stilwell Value LLC raised its position in shares of HopFed Bancorp Inc. (NASDAQ:HFBC) by 1.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 632,128 shares of the company’s stock after buying an additional 8,461 shares during the period. HopFed Bancorp makes up approximately 4.9% of Stilwell Value LLC’s holdings, making the stock its 5th largest position. Stilwell Value LLC owned approximately 9.99% of HopFed Bancorp worth $7,238,000 as of its most recent SEC filing. 43.10% of the stock is currently owned by institutional investors and hedge funds.
HopFed Bancorp Company Profile
HopFed Bancorp, Inc is a savings and loan holding company that operates through its subsidiary, Heritage Bank USA, Inc (the Bank). The Bank is a Kentucky state chartered commercial bank based in Hopkinsville, Kentucky, with branch offices in Kentucky and Tennessee. The business of the Bank primarily consists of attracting deposits from the general public and investing such deposits in loans secured by single family residential real estate and investment securities, including United States Government and agency securities, municipal and corporate bonds, collateralized mortgages obligations (CMOs), and mortgage-backed securities.
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