HopFed Bancorp, Inc. (NASDAQ:HFBC) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) from a sell rating to a hold rating in a report issued on Wednesday, July 12th.

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. “

Shares of HopFed Bancorp (NASDAQ:HFBC) opened at 14.3935 on Wednesday. HopFed Bancorp has a 52-week low of $11.00 and a 52-week high of $15.45. The firm has a market cap of $89.64 million, a P/E ratio of 21.4508 and a beta of 0.10. The stock’s 50 day moving average is $14.46 and its 200-day moving average is $14.57.

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, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.03. The company had revenue of $8.80 million for the quarter, compared to analysts’ expectations of $8.86 million. HopFed Bancorp had a return on equity of 4.74% and a net margin of 10.26%. Equities analysts anticipate that HopFed Bancorp will post $0.65 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, July 7th were paid a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, July 5th. This is a boost from HopFed Bancorp’s previous quarterly dividend of $0.04. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. HopFed Bancorp’s dividend payout ratio (DPR) is presently 29.85%.

Several hedge funds have recently bought and sold shares of HFBC. Northern Trust Corp boosted its stake in 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 buying an additional 278 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 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 buying an additional 733 shares during the period. Kennedy Capital Management Inc. raised its stake in shares of 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 buying an additional 2,655 shares during the period. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 5,600 shares during the period. Finally, Gendell Jeffrey L raised 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 valued at $4,275,000 after buying an additional 35,474 shares during the period. 46.23% of the stock is currently owned by 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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