HopFed Bancorp, Inc. (NASDAQ:HFBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage presently has a $16.00 price objective on the savings and loans company’s stock. Zacks Investment Research‘s price target points to a potential upside of 10.19% from the stock’s previous close.

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. “

HopFed Bancorp (NASDAQ HFBC) remained flat at $14.52 on Thursday. 141 shares of the company’s stock traded hands. HopFed Bancorp has a 12 month low of $11.00 and a 12 month high of $15.45. The firm’s 50 day moving average price is $14.49 and its 200-day moving average price is $14.54. The stock has a market capitalization of $97.53 million, a price-to-earnings ratio of 26.89 and a beta of 0.10.

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, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $8.80 million during the quarter, compared to analysts’ expectations of $8.86 million. HopFed Bancorp had a net margin of 10.26% and a return on equity of 4.76%. Equities research analysts expect that HopFed Bancorp will post $0.61 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the company. Gendell Jeffrey L boosted its position 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 last quarter. Dimensional Fund Advisors LP boosted its position 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 last quarter. Kennedy Capital Management Inc. acquired a new position in shares of HopFed Bancorp during the first quarter worth approximately $1,174,000. Finally, Renaissance Technologies LLC acquired a new position in shares of HopFed Bancorp during the fourth quarter worth approximately $494,000. 46.23% of the stock is owned by institutional investors and hedge funds.

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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