HopFed Bancorp, Inc. (HFBC) Stock Rating Upgraded by Zacks Investment Research

HopFed Bancorp, Inc. (NASDAQ:HFBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The brokerage presently has a $16.00 price objective on the savings and loans company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 9.74% from the company’s previous close.

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 (NASDAQ:HFBC) last announced its earnings results on Wednesday, October 25th. The savings and loans company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $9.13 million for the quarter, compared to the consensus estimate of $8.99 million. HopFed Bancorp had a net margin of 11.09% and a return on equity of 5.24%.

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In related news, Director Clay Smith acquired 4,500 shares of the company’s stock in a transaction dated Thursday, September 21st. The shares were bought at an average price of $14.20 per share, for a total transaction of $63,900.00. Following the acquisition, the director now owns 16,580 shares in the company, valued at approximately $235,436. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 4,688 shares of company stock worth $66,557 in the last quarter. Insiders own 4.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. Stilwell Value LLC increased its holdings in shares of HopFed Bancorp by 1,333.4% during the 2nd quarter. Stilwell Value LLC now owns 9,132,593 shares of the savings and loans company’s stock worth $9,133,000 after purchasing an additional 8,495,465 shares during the period. Western Standard LLC increased its holdings in shares of HopFed Bancorp by 389.0% during the 2nd quarter. Western Standard LLC now owns 32,760 shares of the savings and loans company’s stock worth $470,000 after purchasing an additional 26,060 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of HopFed Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 230,192 shares of the savings and loans company’s stock worth $3,292,000 after purchasing an additional 2,507 shares during the period. Vanguard Group Inc. increased its holdings in shares of HopFed Bancorp by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 183,640 shares of the savings and loans company’s stock worth $2,701,000 after purchasing an additional 5,600 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of HopFed Bancorp by 2.5% during the 2nd quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock worth $165,000 after purchasing an additional 278 shares during the period. Institutional investors own 46.91% of the company’s stock.

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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