HopFed Bancorp, Inc. Declares Quarterly Dividend of $0.05 (HFBC)
HopFed Bancorp, Inc. (NASDAQ:HFBC) announced a quarterly dividend on Thursday, September 21st, NASDAQ reports. Investors of record on Wednesday, October 4th will be paid a dividend of 0.05 per share by the savings and loans company on Monday, October 23rd. This represents a $0.20 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, October 3rd.
Shares of HopFed Bancorp (NASDAQ:HFBC) opened at 13.88 on Friday. HopFed Bancorp has a 52 week low of $11.00 and a 52 week high of $15.45. The stock has a market capitalization of $86.44 million, a P/E ratio of 20.69 and a beta of 0.11. The company has a 50-day moving average price of $14.18 and a 200 day moving average price of $14.45.
HopFed Bancorp (NASDAQ:HFBC) last posted its earnings results on Thursday, July 27th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. HopFed Bancorp had a return on equity of 4.74% and a net margin of 10.26%. The firm had revenue of $8.80 million during the quarter, compared to analysts’ expectations of $8.86 million. Analysts forecast that HopFed Bancorp will post $0.70 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised HopFed Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, August 3rd.
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An institutional investor recently raised its position in HopFed Bancorp stock. Northern Trust Corp raised its holdings in HopFed Bancorp, Inc. (NASDAQ:HFBC) by 2.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,505 shares of the savings and loans company’s stock after acquiring an additional 278 shares during the period. Northern Trust Corp owned about 0.18% of HopFed Bancorp worth $165,000 as of its most recent filing with the Securities and Exchange Commission. 46.91% of the stock is owned by institutional investors.
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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