Brokerages Expect HopFed Bancorp, Inc (HFBC) to Announce $0.18 Earnings Per Share

HopFed Bancorp, Inc (NASDAQ:HFBC) has been given an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a hold rating.

Zacks has also assigned HopFed Bancorp an industry rank of 19 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 price objective for the company in a research note on Wednesday, November 1st.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Northern Trust Corp grew its stake in HopFed Bancorp by 2.5% during the 2nd quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock valued at $165,000 after acquiring an additional 278 shares in the last quarter. Western Standard LLC grew its stake in HopFed Bancorp by 32.0% during the 3rd quarter. Western Standard LLC now owns 43,233 shares of the savings and loans company’s stock valued at $627,000 after acquiring an additional 10,473 shares in the last quarter. Vanguard Group Inc. grew its stake 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 acquiring an additional 5,600 shares in the last quarter. Dimensional Fund Advisors LP grew 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 buying an additional 733 shares during the period. Finally, Gendell Jeffrey L grew its stake in shares of HopFed Bancorp by 1.3% in the 4th 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. 46.49% of the stock is owned by institutional investors.

Shares of HopFed Bancorp (HFBC) traded down $0.12 during midday trading on Friday, reaching $14.39. 100,679 shares of the company traded hands, compared to its average volume of 12,170. HopFed Bancorp has a one year low of $13.51 and a one year high of $16.29. The stock has a market cap of $94.90, a PE ratio of 23.98 and a beta of 0.18. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86.

HopFed Bancorp announced that its Board of Directors has initiated a stock repurchase plan on Thursday, November 16th that allows the company to buyback 300,000 shares. This buyback authorization allows the savings and loans company to buy shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 5th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $0.20 annualized dividend and a yield of 1.39%. HopFed Bancorp’s dividend payout ratio is presently 33.33%.

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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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