HopFed Bancorp (NASDAQ:HFBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
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, ValuEngine upgraded shares of HopFed Bancorp from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th.
HFBC stock opened at $15.40 on Wednesday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.90 and a quick ratio of 0.90. HopFed Bancorp has a one year low of $13.63 and a one year high of $18.10. The company has a market capitalization of $100.74 million, a price-to-earnings ratio of 20.26 and a beta of 0.42.
HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings data on Monday, October 29th. The savings and loans company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01). HopFed Bancorp had a return on equity of 6.18% and a net margin of 10.30%. As a group, equities research analysts forecast that HopFed Bancorp will post 0.87 earnings per share for the current fiscal year.
A hedge fund recently raised its position in HopFed Bancorp stock. Dimensional Fund Advisors LP boosted its position in shares of HopFed Bancorp, Inc (NASDAQ:HFBC) by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 243,711 shares of the savings and loans company’s stock after buying an additional 4,400 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.66% of HopFed Bancorp worth $3,534,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 48.53% of the company’s stock.
About HopFed Bancorp
HopFed Bancorp, Inc operates as the bank holding company for Heritage Bank USA, Inc that provides various banking products and services. The company accepts various deposit products, including money market accounts, passbook savings accounts, individual retirement accounts, certificates of deposit, and time deposits, as well as non-interest bearing, savings, and interest bearing checking accounts.
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