A number of research firms have changed their ratings and price targets for HopFed Bancorp (NASDAQ: HFBC):

  • 2/19/2019 – HopFed Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 2/15/2019 – HopFed Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. 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. “
  • 2/7/2019 – HopFed Bancorp was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 2/6/2019 – HopFed Bancorp was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $22.00 price target on the stock. 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. “
  • 1/9/2019 – HopFed Bancorp was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 1/4/2019 – HopFed Bancorp was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “

Shares of HFBC traded up $0.78 during trading hours on Thursday, hitting $20.05. 5,144 shares of the company were exchanged, compared to its average volume of 23,244. The company has a market cap of $132.78 million, a PE ratio of 22.03 and a beta of 0.99. HopFed Bancorp, Inc has a 52 week low of $13.03 and a 52 week high of $20.10. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.90 and a current ratio of 0.91.

HopFed Bancorp (NASDAQ:HFBC) last released its quarterly earnings results on Thursday, January 31st. The savings and loans company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.05. The firm had revenue of $8.79 million during the quarter, compared to analysts’ expectations of $9.00 million. HopFed Bancorp had a return on equity of 6.51% and a net margin of 12.73%. On average, research analysts predict that HopFed Bancorp, Inc will post 0.88 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 23rd. Shareholders of record on Monday, December 31st were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Friday, December 28th. HopFed Bancorp’s dividend payout ratio (DPR) is presently 30.77%.

A hedge fund recently raised its stake in HopFed Bancorp stock. Beese Fulmer Investment Management Inc. lifted its stake in shares of HopFed Bancorp, Inc (NASDAQ:HFBC) by 23.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,799 shares of the savings and loans company’s stock after acquiring an additional 3,735 shares during the period. Beese Fulmer Investment Management Inc. owned approximately 0.30% of HopFed Bancorp worth $263,000 as of its most recent SEC filing. 46.33% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Book Value Per Share – BVPS

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