Brokerages Anticipate HopFed Bancorp, Inc (HFBC) to Post $0.18 EPS

HopFed Bancorp, Inc (NASDAQ:HFBC) has earned a consensus broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.

Zacks has also given HopFed Bancorp an industry rank of 15 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research lowered shares of HopFed Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.

Shares of HopFed Bancorp (NASDAQ HFBC) traded down $0.09 during midday trading on Wednesday, hitting $14.61. 2,120 shares of the stock traded hands, compared to its average volume of 7,929. HopFed Bancorp has a one year low of $13.40 and a one year high of $15.45. The stock has a market cap of $97.51, a PE ratio of 19.74 and a beta of 0.17. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86.

HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings data on Wednesday, October 25th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The company had revenue of $9.13 million during the quarter, compared to analysts’ expectations of $8.99 million. HopFed Bancorp had a net margin of 11.09% and a return on equity of 5.21%. sell-side analysts forecast that HopFed Bancorp will post 0.73 earnings per share for the current fiscal year.

HopFed Bancorp declared that its Board of Directors has approved a share repurchase program on Thursday, November 16th that permits the company to repurchase 300,000 outstanding shares. This repurchase authorization permits the savings and loans company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, January 4th. This represents a $0.20 dividend on an annualized basis and a yield of 1.37%. HopFed Bancorp’s dividend payout ratio is currently 27.03%.

Hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in HopFed Bancorp by 2.5% in the 2nd quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock worth $165,000 after buying an additional 278 shares in the last quarter. Western Standard LLC raised its stake in shares of HopFed Bancorp by 389.0% in the 2nd quarter. Western Standard LLC now owns 32,760 shares of the savings and loans company’s stock valued at $470,000 after purchasing an additional 26,060 shares in the last quarter. Kennedy Capital Management Inc. raised its stake in shares of HopFed Bancorp by 3.2% in the 2nd quarter. Kennedy Capital Management Inc. now owns 84,680 shares of the savings and loans company’s stock valued at $1,214,000 after purchasing an additional 2,655 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of HopFed Bancorp by 3.1% in the 2nd 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 in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of HopFed Bancorp by 0.3% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 46.56% of the company’s stock.

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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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