HopFed Bancorp (NASDAQ:HFBC) Earns News Sentiment Score of 0.07

News stories about HopFed Bancorp (NASDAQ:HFBC) have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. HopFed Bancorp earned a daily sentiment score of 0.07 on Accern’s scale. Accern also gave news stories about the savings and loans company an impact score of 47.8379000547292 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

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 report on Wednesday, November 1st.

Shares of HopFed Bancorp (HFBC) traded up $0.29 during midday trading on Tuesday, hitting $15.25. 12,145 shares of the stock traded hands, compared to its average volume of 24,810. HopFed Bancorp has a 1-year low of $13.51 and a 1-year high of $16.29. The firm has a market capitalization of $99.30, a price-to-earnings ratio of 25.36 and a beta of 0.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.46.

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

The business also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Friday, January 5th were given a $0.05 dividend. The ex-dividend date was Thursday, January 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.31%. HopFed Bancorp’s dividend payout ratio (DPR) is 33.90%.

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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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