HopFed Bancorp (NASDAQ:HFBC) posted its quarterly earnings results on Friday. The savings and loans company reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02, reports. The business had revenue of $8.84 million for the quarter, compared to analysts’ expectations of $9.03 million. HopFed Bancorp had a return on equity of 5.21% and a net margin of 11.09%.
Shares of HopFed Bancorp (HFBC) opened at $14.75 on Friday. 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 company has a market capitalization of $98.69, a PE ratio of 20.21 and a beta of 0.17. HopFed Bancorp has a twelve month low of $13.51 and a twelve month high of $16.29.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Friday, January 5th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, January 4th. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%. HopFed Bancorp’s dividend payout ratio is presently 27.40%.
HopFed Bancorp announced that its board has approved a share buyback plan on Thursday, November 16th that allows the company to buyback 300,000 outstanding shares. This buyback authorization allows the savings and loans company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.
Separately, Zacks Investment Research cut HopFed Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
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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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