HopFed Bancorp, Inc (NASDAQ:HFBC) has earned an average broker rating score of 3.00 (Hold) from the two analysts that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Zacks has also assigned HopFed Bancorp an industry rank of 83 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research upgraded HopFed Bancorp from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, November 1st.

In other news, Director Clay Smith acquired 4,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The shares were acquired at an average price of $14.20 per share, for a total transaction of $63,900.00. Following the completion of the purchase, the director now owns 16,580 shares in the company, valued at $235,436. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 4.30% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the stock. Stilwell Value LLC lifted its stake in HopFed Bancorp by 1,333.4% in the second quarter. Stilwell Value LLC now owns 9,132,593 shares of the savings and loans company’s stock valued at $9,133,000 after purchasing an additional 8,495,465 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in HopFed Bancorp by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 230,925 shares of the savings and loans company’s stock valued at $3,397,000 after purchasing an additional 733 shares during the last quarter. Vanguard Group Inc. lifted its stake in HopFed Bancorp by 3.1% in the second quarter. Vanguard Group Inc. now owns 183,640 shares of the savings and loans company’s stock valued at $2,701,000 after purchasing an additional 5,600 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in HopFed Bancorp by 3.2% in the second quarter. Kennedy Capital Management Inc. now owns 84,680 shares of the savings and loans company’s stock valued at $1,214,000 after purchasing an additional 2,655 shares during the last quarter. Finally, Western Standard LLC lifted its stake in HopFed Bancorp by 32.0% in the third quarter. Western Standard LLC now owns 43,233 shares of the savings and loans company’s stock valued at $627,000 after purchasing an additional 10,473 shares during the last quarter. Institutional investors and hedge funds own 46.56% of the company’s stock.

HopFed Bancorp (HFBC) opened at $14.05 on Friday. HopFed Bancorp has a 12 month low of $12.80 and a 12 month high of $15.45. The firm has a market capitalization of $93.75, a P/E ratio of 19.41 and a beta of 0.17. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.46.

HopFed Bancorp (NASDAQ:HFBC) last announced its earnings results on Wednesday, October 25th. The savings and loans company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. HopFed Bancorp had a return on equity of 5.21% and a net margin of 11.09%. The firm had revenue of $9.13 million for the quarter, compared to the consensus estimate of $8.99 million. research analysts forecast that HopFed Bancorp will post 0.73 earnings per share for the current fiscal year.

HopFed Bancorp declared that its board has approved a stock repurchase plan on Thursday, November 16th that permits the company to repurchase 300,000 outstanding shares. This repurchase authorization permits the savings and loans company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

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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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