Somewhat Favorable Press Coverage Somewhat Unlikely to Affect HopFed Bancorp (HFBC) Stock Price
Media coverage about HopFed Bancorp (NASDAQ:HFBC) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press 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 positive one, with scores nearest to one being the most favorable. HopFed Bancorp earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the savings and loans company an impact score of 45.9224279310289 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, Zacks Investment Research lowered HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.
Shares of HopFed Bancorp (NASDAQ HFBC) opened at $14.09 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $92.15, a price-to-earnings ratio of 19.30 and a beta of 0.17. HopFed Bancorp has a 52 week low of $12.80 and a 52 week high of $15.45.
HopFed Bancorp (NASDAQ:HFBC) last posted its quarterly earnings data on Wednesday, October 25th. The savings and loans company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $9.13 million for the quarter, compared to analyst estimates of $8.99 million. HopFed Bancorp had a return on equity of 5.21% and a net margin of 11.09%. research analysts expect that HopFed Bancorp will post 0.73 EPS for the current year.
HopFed Bancorp declared that its board has authorized a stock buyback program on Thursday, November 16th that allows the company to buyback 300,000 outstanding shares. This buyback authorization allows the savings and loans company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Friday, January 5th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, January 4th. HopFed Bancorp’s payout ratio is currently 27.40%.
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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