HopFed Bancorp, Inc. (HFBC) is Stilwell Value LLC’s 3rd Largest Position
Stilwell Value LLC boosted its position in HopFed Bancorp, Inc. (NASDAQ:HFBC) by 1,333.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,132,593 shares of the savings and loans company’s stock after purchasing an additional 8,495,465 shares during the quarter. HopFed Bancorp comprises 6.5% of Stilwell Value LLC’s holdings, making the stock its 3rd biggest position. Stilwell Value LLC owned approximately 146.64% of HopFed Bancorp worth $9,133,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Northern Trust Corp lifted its position in HopFed Bancorp by 2.5% in the 2nd quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock valued at $165,000 after purchasing an additional 278 shares during the last quarter. Western Standard LLC lifted its position in HopFed Bancorp by 389.0% in the 2nd quarter. Western Standard LLC now owns 32,760 shares of the savings and loans company’s stock valued at $470,000 after purchasing an additional 26,060 shares during the last quarter. Kennedy Capital Management Inc. bought a new stake in HopFed Bancorp in the 1st quarter valued at about $1,174,000. Vanguard Group Inc. lifted its position in HopFed Bancorp by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 183,640 shares of the savings and loans company’s stock valued at $2,701,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in HopFed Bancorp by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 230,192 shares of the savings and loans company’s stock valued at $3,292,000 after purchasing an additional 2,507 shares during the last quarter. Hedge funds and other institutional investors own 46.91% of the company’s stock.
Shares of HopFed Bancorp, Inc. (HFBC) remained flat at $14.42 during mid-day trading on Tuesday. 662 shares of the stock were exchanged. The firm has a market cap of $89.81 million, a PE ratio of 21.49 and a beta of 0.12. HopFed Bancorp, Inc. has a 12 month low of $11.00 and a 12 month high of $15.45. The company’s 50-day moving average price is $14.19 and its 200 day moving average price is $14.41.
HopFed Bancorp (NASDAQ:HFBC) last posted its earnings results on Thursday, July 27th. The savings and loans company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. HopFed Bancorp had a net margin of 10.26% and a return on equity of 4.74%. The business had revenue of $8.80 million for the quarter, compared to analyst estimates of $8.86 million. On average, equities research analysts anticipate that HopFed Bancorp, Inc. will post $0.70 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 23rd. Stockholders of record on Wednesday, October 4th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Tuesday, October 3rd. HopFed Bancorp’s payout ratio is 29.85%.
In other news, Director Clay Smith bought 4,500 shares of the stock in a transaction dated Thursday, September 21st. The shares were acquired at an average price of $14.20 per share, with a total value of $63,900.00. Following the acquisition, the director now owns 16,580 shares in the company, valued at $235,436. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In the last ninety days, insiders bought 4,688 shares of company stock worth $66,557. 4.30% of the stock is owned by insiders.
Separately, Zacks Investment Research downgraded shares of HopFed Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
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About HopFed Bancorp
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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