HopFed Bancorp, Inc. (HFBC) Receives Consensus Rating of “Hold” from Analysts
Shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) have been assigned a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.
Zacks has also assigned HopFed Bancorp an industry rank of 113 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research cut HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 15th.
A number of large investors have recently made changes to their positions in the stock. Gendell Jeffrey L boosted its stake in shares of HopFed Bancorp by 13.5% in the first quarter. Gendell Jeffrey L now owns 298,616 shares of the savings and loans company’s stock worth $4,275,000 after buying an additional 35,474 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of HopFed Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 230,192 shares of the savings and loans company’s stock worth $3,292,000 after buying an additional 2,507 shares during the period. Kennedy Capital Management Inc. purchased a new stake in shares of HopFed Bancorp during the first quarter worth approximately $1,174,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of HopFed Bancorp during the fourth quarter worth approximately $494,000. 46.23% of the stock is owned by hedge funds and other institutional investors.
HopFed Bancorp (HFBC) remained flat at $14.60 during trading on Friday. The stock had a trading volume of 18 shares. The firm’s 50 day moving average price is $14.56 and its 200-day moving average price is $14.38. HopFed Bancorp has a 1-year low of $11.00 and a 1-year high of $15.45. The stock has a market capitalization of $90.78 million, a P/E ratio of 27.24 and a beta of 0.10.
HopFed Bancorp (NASDAQ:HFBC) last released its earnings results on Wednesday, April 26th. The savings and loans company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. HopFed Bancorp had a return on equity of 3.79% and a net margin of 8.32%. The business had revenue of $9.05 million during the quarter, compared to analysts’ expectations of $8.67 million. Analysts anticipate that HopFed Bancorp will post $0.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Shareholders of record on Friday, July 7th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend is Wednesday, July 5th. This is a boost from HopFed Bancorp’s previous quarterly dividend of $0.04. HopFed Bancorp’s dividend payout ratio (DPR) is 37.04%.
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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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