Somewhat Favorable News Coverage Somewhat Unlikely to Affect HopFed Bancorp (HFBC) Stock Price
Media coverage about HopFed Bancorp (NASDAQ:HFBC) has trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. HopFed Bancorp earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the savings and loans company an impact score of 46.8820729658143 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
HopFed Bancorp (HFBC) traded down 0.99% on Wednesday, hitting $14.01. The company had a trading volume of 1,600 shares. HopFed Bancorp has a 12-month low of $11.00 and a 12-month high of $15.45. The firm has a 50-day moving average price of $14.25 and a 200-day moving average price of $14.48. The firm has a market capitalization of $87.25 million, a PE ratio of 20.88 and a beta of 0.11.
HopFed Bancorp (NASDAQ:HFBC) last released its earnings results on Thursday, July 27th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.03. The company had revenue of $8.80 million for the quarter, compared to analyst estimates of $8.86 million. HopFed Bancorp had a return on equity of 4.74% and a net margin of 10.26%. On average, equities research analysts anticipate that HopFed Bancorp will post $0.70 earnings per share for the current fiscal year.
Separately, Zacks Investment Research upgraded shares of HopFed Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Thursday, August 3rd.
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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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