HopFed Bancorp Inc. (NASDAQ:HFBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Friday. The firm presently has a $12.00 price objective on the stock. Zacks Investment Research’s target price suggests a potential upside of 6.95% from the stock’s current price.
According to Zacks, “HopFed Bancorp, Inc. was incorporated for the purpose of serving as a savings and loan holding company for Hopkinsville Federal Savings Bank. 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 U.S. Government and agency securities and mortgage-backed securities. The bank also originates single-family residential/construction loans and multi-family and commercial real estate loans. “
Separately, TheStreet cut shares of HopFed Bancorp from a “buy” rating to a “hold” rating in a research report on Thursday, July 21st.
Shares of HopFed Bancorp (NASDAQ:HFBC) opened at 11.22 on Friday. HopFed Bancorp has a 12 month low of $10.82 and a 12 month high of $12.52. The stock’s 50 day moving average is $11.26 and its 200 day moving average is $11.50. The company has a market capitalization of $69.92 million, a P/E ratio of 35.17 and a beta of 0.44.
The business also recently declared a quarterly dividend, which was paid on Tuesday, October 18th. Shareholders of record on Monday, October 3rd were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, September 29th. HopFed Bancorp’s dividend payout ratio is presently 41.03%.
Large investors have recently made changes to their positions in the stock. Timber Hill LLC bought a new stake in shares of HopFed Bancorp during the third quarter worth $203,000. Deprince Race & Zollo Inc. boosted its stake in shares of HopFed Bancorp by 3.5% in the second quarter. Deprince Race & Zollo Inc. now owns 481,546 shares of the company’s stock worth $5,581,000 after buying an additional 16,250 shares in the last quarter. Finally, Stilwell Value LLC boosted its stake in shares of HopFed Bancorp by 0.8% in the second quarter. Stilwell Value LLC now owns 637,128 shares of the company’s stock worth $7,384,000 after buying an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 43.10% of the company’s stock.
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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