HopFed Bancorp Inc. (HFBC) Upgraded to Hold by Zacks Investment Research
HopFed Bancorp Inc. (NASDAQ:HFBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
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 HopFed Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st.
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Shares of HopFed Bancorp (NASDAQ:HFBC) opened at 11.33 on Tuesday. The stock’s 50 day moving average price is $11.38 and its 200-day moving average price is $11.52. HopFed Bancorp has a 52-week low of $10.82 and a 52-week high of $12.52. The company has a market cap of $70.61 million, a P/E ratio of 35.52 and a beta of 0.45.
HopFed Bancorp (NASDAQ:HFBC) last posted its earnings results on Friday, July 29th. The company reported $0.05 EPS for the quarter, missing the 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%. Equities analysts expect that HopFed Bancorp will post $0.33 EPS for the current year.
The business also recently declared 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. This represents a $0.16 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date is Thursday, September 29th. HopFed Bancorp’s dividend payout ratio is currently 51.61%.
A hedge fund recently raised its stake in HopFed Bancorp stock. Deprince Race & Zollo Inc. increased its position in HopFed Bancorp Inc. (NASDAQ:HFBC) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 481,546 shares of the company’s stock after buying an additional 16,250 shares during the period. Deprince Race & Zollo Inc. owned approximately 7.65% of HopFed Bancorp worth $5,581,000 at the end of the most recent reporting period. 43.10% of the stock is currently owned by hedge funds and other institutional investors.
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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