HopFed Bancorp, Inc (HFBC) CFO Sells $14,500.00 in Stock

HopFed Bancorp, Inc (NASDAQ:HFBC) CFO Billy C. Duvall sold 1,000 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $14.50, for a total value of $14,500.00. Following the completion of the transaction, the chief financial officer now directly owns 32,879 shares of the company’s stock, valued at $476,745.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

HopFed Bancorp, Inc (NASDAQ HFBC) traded up $0.05 during trading hours on Thursday, reaching $14.55. The company’s stock had a trading volume of 499 shares, compared to its average volume of 10,631. HopFed Bancorp, Inc has a 1 year low of $13.51 and a 1 year high of $16.29. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $97.34, a PE ratio of 19.55 and a beta of 0.18.

HopFed Bancorp declared that its board has initiated a share repurchase plan on Thursday, November 16th that allows the company to repurchase 300,000 shares. This repurchase authorization allows the savings and loans company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 5th were paid a $0.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. HopFed Bancorp’s payout ratio is 33.90%.

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 Wednesday, November 1st.

A number of large investors have recently bought and sold shares of the business. Stilwell Value LLC grew 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 acquiring an additional 8,495,465 shares during the period. Dimensional Fund Advisors LP grew 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 acquiring an additional 733 shares during the period. Vanguard Group Inc. grew 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 acquiring an additional 5,600 shares during the period. Western Standard LLC lifted its holdings in shares of 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 in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of HopFed Bancorp by 2.5% in the second quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock valued at $165,000 after purchasing an additional 278 shares in the last quarter. 46.49% of the stock is owned by hedge funds and other institutional investors.

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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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