HopFed Bancorp (HFBC) Announces Earnings Results

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%.

Large investors have recently bought and sold shares of the business. Stilwell Value LLC raised its holdings in HopFed Bancorp by 1,333.4% during the second quarter. Stilwell Value LLC now owns 9,132,593 shares of the savings and loans company’s stock valued at $9,133,000 after acquiring an additional 8,495,465 shares during the period. Western Standard LLC raised its holdings in HopFed Bancorp by 32.0% during the third quarter. Western Standard LLC now owns 43,233 shares of the savings and loans company’s stock valued at $627,000 after acquiring an additional 10,473 shares during the period. Dimensional Fund Advisors LP raised its holdings in HopFed Bancorp by 0.3% during 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 acquiring an additional 733 shares during the period. Vanguard Group Inc. raised its holdings in HopFed Bancorp by 3.1% during 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 acquiring an additional 5,600 shares during the period. Finally, Northern Trust Corp raised its holdings in HopFed Bancorp by 2.5% during the second quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock valued at $165,000 after acquiring an additional 278 shares during the period. 46.56% of the stock is currently owned by institutional investors and hedge funds.

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.

Earnings History for HopFed Bancorp (NASDAQ:HFBC)

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