Shares of HopFed Bancorp, Inc (NASDAQ:HFBC) have received an average broker rating score of 3.00 (Hold) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold recommendation.
Zacks has also assigned HopFed Bancorp an industry rank of 34 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 target price on the stock in a report on Wednesday, November 1st.
Large investors have recently made changes to their positions in the stock. Gendell Jeffrey L lifted its holdings in HopFed Bancorp by 1.3% in 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 buying an additional 4,097 shares during the period. Dimensional Fund Advisors LP boosted its position in HopFed Bancorp by 0.3% during 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 buying an additional 733 shares during the period. Vanguard Group Inc. boosted its position in HopFed Bancorp by 3.1% during 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 buying an additional 5,600 shares during the period. Kennedy Capital Management Inc. lifted its position in shares of HopFed Bancorp by 71.5% in the 4th quarter. Kennedy Capital Management Inc. now owns 177,352 shares of the savings and loans company’s stock worth $2,501,000 after purchasing an additional 73,947 shares during the period. Finally, Western Standard LLC lifted its position in shares of HopFed Bancorp by 32.0% in the 3rd quarter. Western Standard LLC now owns 43,233 shares of the savings and loans company’s stock worth $627,000 after purchasing an additional 10,473 shares during the period. 46.90% of the stock is currently owned by institutional investors and hedge funds.
Shares of HopFed Bancorp (NASDAQ:HFBC) traded up $0.29 on Friday, hitting $15.25. 12,100 shares of the stock traded hands, compared to its average volume of 24,153. HopFed Bancorp has a 12 month low of $13.51 and a 12 month high of $16.29. The company has a market capitalization of $99.30, a PE ratio of 25.85 and a beta of 0.18. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.86 and a quick ratio of 0.86.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 5th were paid a $0.05 dividend. The ex-dividend date was Thursday, January 4th. This represents a $0.20 dividend on an annualized basis and a yield of 1.31%. HopFed Bancorp’s dividend payout ratio (DPR) is 33.90%.
HopFed Bancorp declared that its Board of Directors has initiated a share repurchase plan on Thursday, November 16th that permits the company to repurchase 300,000 outstanding shares. This repurchase authorization permits the savings and loans company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is 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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