Zacks Investment Research upgraded shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) from a sell rating to a hold rating in a research note issued to investors on Wednesday morning.
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 (HFBC) traded down 1.53% during trading on Wednesday, reaching $14.35. 1,543 shares of the company’s stock traded hands. The company’s 50 day moving average is $14.56 and its 200-day moving average is $14.38. HopFed Bancorp has a 52-week low of $11.00 and a 52-week high of $15.45. The stock has a market cap of $89.23 million, a price-to-earnings ratio of 26.77 and a beta of 0.10.
HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings results on Wednesday, April 26th. The savings and loans company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. HopFed Bancorp had a net margin of 8.32% and a return on equity of 3.79%. The firm had revenue of $9.05 million for the quarter, compared to the consensus estimate of $8.67 million. On average, analysts anticipate that HopFed Bancorp will post $0.61 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Friday, July 7th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.39%. This is an increase from HopFed Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, July 5th. HopFed Bancorp’s dividend payout ratio is presently 37.04%.
Large investors have recently made changes to their positions in the company. Gendell Jeffrey L increased its stake 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 increased its stake 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. purchased a new stake in shares of HopFed Bancorp during the first quarter worth about $1,174,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of HopFed Bancorp during the fourth quarter worth about $494,000. 46.23% of the stock is currently owned by hedge funds and other institutional investors.
About HopFed Bancorp
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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