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 downgraded shares of HopFed Bancorp from a buy rating to a hold rating in a research note on Thursday, July 21st.
Shares of HopFed Bancorp (NASDAQ:HFBC) opened at 11.2097 on Tuesday. The company’s 50-day moving average is $11.35 and its 200 day moving average is $11.51. The company has a market cap of $69.86 million, a price-to-earnings ratio of 35.1401 and a beta of 0.45. HopFed Bancorp has a 1-year low of $10.82 and a 1-year high of $12.52.
HopFed Bancorp (NASDAQ:HFBC) last announced its earnings results on Friday, July 29th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. HopFed Bancorp had a net margin of 5.00% and a return on equity of 2.24%. Equities analysts anticipate that HopFed Bancorp will post $0.33 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, September 29th. HopFed Bancorp’s dividend payout ratio is currently 51.61%.
An institutional investor recently raised its position in HopFed Bancorp stock. Stilwell Value LLC increased its stake in HopFed Bancorp Inc. (NASDAQ:HFBC) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 632,128 shares of the company’s stock after buying an additional 8,461 shares during the period. HopFed Bancorp accounts for approximately 4.9% of Stilwell Value LLC’s portfolio, making the stock its 5th largest position. Stilwell Value LLC owned approximately 9.99% of HopFed Bancorp worth $7,238,000 at the end of the most recent quarter. Institutional investors own 43.10% of the company’s stock.
HopFed Bancorp Company Profile
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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