HopFed Bancorp, Inc (NASDAQ:HFBC) has been given a consensus broker rating score of 3.00 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation.

Zacks has also given HopFed Bancorp an industry rank of 19 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of HopFed Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Wednesday, November 1st.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Stilwell Value LLC raised its position 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 in the last quarter. Gendell Jeffrey L grew its holdings in HopFed Bancorp by 1.3% during the fourth quarter. Gendell Jeffrey L now owns 331,825 shares of the savings and loans company’s stock valued at $4,679,000 after purchasing an additional 4,097 shares during the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 733 shares during the last quarter. Vanguard Group Inc. grew 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 purchasing an additional 5,600 shares during the last quarter. Finally, Western Standard LLC grew 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 purchasing an additional 10,473 shares during the last quarter. 46.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HopFed Bancorp (NASDAQ HFBC) traded down $0.12 on Friday, reaching $14.39. 100,679 shares of the company traded hands, compared to its average volume of 12,170. The company has a market capitalization of $94.90, a price-to-earnings ratio of 23.98 and a beta of 0.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86. HopFed Bancorp has a 52-week low of $13.51 and a 52-week high of $16.29.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 5th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.39%. The ex-dividend date was Thursday, January 4th. HopFed Bancorp’s payout ratio is presently 33.33%.

HopFed Bancorp declared that its Board of Directors has authorized a stock repurchase 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 buy shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: “” was published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are accessing this article on another website, it was stolen and republished in violation of US and international trademark & copyright legislation. The correct version of this article can be read at https://sportsperspectives.com/2018/02/10/1612868.html.

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.

Get a free copy of the Zacks research report on HopFed Bancorp (HFBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for HopFed Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HopFed Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply