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.
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.
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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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