HopFed Bancorp (HFBC) Set to Announce Quarterly Earnings on Monday

HopFed Bancorp (NASDAQ:HFBC) is set to announce its earnings results on Monday, January 29th. Analysts expect the company to announce earnings of $0.19 per share for the quarter.

HopFed Bancorp (NASDAQ:HFBC) last issued its earnings results on Wednesday, October 25th. The savings and loans company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. HopFed Bancorp had a net margin of 11.09% and a return on equity of 5.21%. The company had revenue of $9.13 million for the quarter, compared to the consensus estimate of $8.99 million. On average, analysts expect HopFed Bancorp to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of HopFed Bancorp (NASDAQ:HFBC) opened at $15.26 on Monday. HopFed Bancorp has a 52 week low of $13.51 and a 52 week high of $16.29. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.46. The company has a market cap of $101.83, a price-to-earnings ratio of 20.90 and a beta of 0.17.

HopFed Bancorp announced that its Board of Directors has approved a stock buyback 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 generally a sign that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Friday, January 5th will be paid a $0.05 dividend. The ex-dividend date is Thursday, January 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. HopFed Bancorp’s dividend payout ratio is presently 27.40%.

An institutional investor recently raised its position in HopFed Bancorp stock. Northern Trust Corp lifted its holdings in HopFed Bancorp, Inc (NASDAQ:HFBC) by 2.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,505 shares of the savings and loans company’s stock after buying an additional 278 shares during the quarter. Northern Trust Corp owned about 0.18% of HopFed Bancorp worth $165,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 46.56% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th.

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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.

Earnings History for HopFed Bancorp (NASDAQ:HFBC)

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