HopFed Bancorp, Inc. (HFBC) Increases Dividend to $0.05 Per Share
HopFed Bancorp, Inc. (NASDAQ:HFBC) announced a quarterly dividend on Thursday, June 22nd, NASDAQ reports. Stockholders of record on Friday, July 7th will be given a dividend of 0.05 per share by the savings and loans company on Thursday, July 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Wednesday, July 5th. This is an increase from HopFed Bancorp’s previous quarterly dividend of $0.04.
HopFed Bancorp (NASDAQ:HFBC) traded up 3.09% during mid-day trading on Friday, hitting $14.70. 3,365 shares of the stock were exchanged. The stock’s 50 day moving average is $14.66 and its 200 day moving average is $14.35. HopFed Bancorp has a 52-week low of $11.00 and a 52-week high of $15.45. The stock has a market cap of $91.40 million, a PE ratio of 27.43 and a beta of 0.11.
HopFed Bancorp (NASDAQ:HFBC) last issued its earnings results on Wednesday, April 26th. The savings and loans company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. HopFed Bancorp had a net margin of 8.32% and a return on equity of 3.79%. The company had revenue of $9.05 million for the quarter, compared to the consensus estimate of $8.67 million. Analysts forecast that HopFed Bancorp will post $0.61 EPS for the current fiscal year.
An institutional investor recently raised its position in HopFed Bancorp stock. Geode Capital Management LLC boosted its position in HopFed Bancorp, Inc. (NASDAQ:HFBC) by 6.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,557 shares of the savings and loans company’s stock after buying an additional 1,452 shares during the period. Geode Capital Management LLC owned about 0.38% of HopFed Bancorp worth $336,000 at the end of the most recent reporting period. 46.23% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research downgraded shares of HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 15th.
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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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