Shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) have received an average broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Zacks has also given HopFed Bancorp an industry rank of 98 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised HopFed Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, November 1st.
Shares of HopFed Bancorp (NASDAQ:HFBC) traded up $0.14 on Tuesday, reaching $13.86. The company’s stock had a trading volume of 1,200 shares, compared to its average volume of 4,766. HopFed Bancorp has a 52-week low of $11.50 and a 52-week high of $15.45. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market cap of $91.55, a P/E ratio of 18.80 and a beta of 0.17.
HopFed Bancorp (NASDAQ:HFBC) last posted its quarterly earnings data on Wednesday, October 25th. The savings and loans company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.03. HopFed Bancorp had a return on equity of 5.21% and a net margin of 11.09%. The firm had revenue of $9.13 million during the quarter, compared to analyst estimates of $8.99 million. equities research analysts forecast that HopFed Bancorp will post 0.72 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 23rd. Stockholders of record on Wednesday, October 4th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Tuesday, October 3rd. HopFed Bancorp’s dividend payout ratio (DPR) is presently 27.40%.
In other HopFed Bancorp news, Director Clay Smith acquired 4,500 shares of the stock in a transaction dated Thursday, September 21st. The stock was purchased at an average cost of $14.20 per share, with a total value of $63,900.00. Following the transaction, the director now owns 16,580 shares in the company, valued at approximately $235,436. The acquisition was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders bought 4,688 shares of company stock valued at $66,557. Corporate insiders own 4.30% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Stilwell Value LLC increased its position in HopFed Bancorp by 1,333.4% in the 2nd quarter. Stilwell Value LLC now owns 9,132,593 shares of the savings and loans company’s stock valued at $9,133,000 after buying an additional 8,495,465 shares in the last quarter. Western Standard LLC increased its position in HopFed Bancorp by 389.0% in the 2nd quarter. Western Standard LLC now owns 32,760 shares of the savings and loans company’s stock valued at $470,000 after buying an additional 26,060 shares in the last quarter. Dimensional Fund Advisors LP increased its position in HopFed Bancorp by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 230,192 shares of the savings and loans company’s stock valued at $3,292,000 after buying an additional 2,507 shares in the last quarter. Vanguard Group Inc. increased its position in HopFed Bancorp by 3.1% in the 2nd 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 in the last quarter. Finally, Northern Trust Corp increased its position in HopFed Bancorp by 2.5% in the 2nd 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 in the last quarter. 46.67% of the stock is owned by institutional investors and hedge funds.
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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