HopFed Bancorp (HFBC) Downgraded by Zacks Investment Research to Sell

Share on StockTwits

Zacks Investment Research downgraded shares of HopFed Bancorp (NASDAQ:HFBC) from a hold rating to a sell rating in a research report sent 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 raised shares of HopFed Bancorp from a hold rating to a buy rating in a report on Tuesday, August 14th.

NASDAQ:HFBC remained flat at $$14.93 during trading hours on Wednesday. 78 shares of the company were exchanged, compared to its average volume of 3,668. The stock has a market cap of $99.08 million, a PE ratio of 19.64 and a beta of 0.42. HopFed Bancorp has a one year low of $13.63 and a one year high of $18.10. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.90 and a current ratio of 0.90.

HopFed Bancorp (NASDAQ:HFBC) last issued its earnings results on Monday, October 29th. The savings and loans company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). HopFed Bancorp had a return on equity of 6.18% and a net margin of 10.30%. On average, equities research analysts predict that HopFed Bancorp will post 0.87 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 23rd. Shareholders of record on Wednesday, October 3rd were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Tuesday, October 2nd. HopFed Bancorp’s dividend payout ratio (DPR) is presently 36.84%.

A hedge fund recently raised its stake in HopFed Bancorp stock. Western Standard LLC boosted its position in HopFed Bancorp, Inc (NASDAQ:HFBC) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,723 shares of the savings and loans company’s stock after acquiring an additional 3,863 shares during the period. HopFed Bancorp accounts for 1.5% of Western Standard LLC’s investment portfolio, making the stock its 20th biggest position. Western Standard LLC owned approximately 1.38% of HopFed Bancorp worth $1,521,000 at the end of the most recent reporting period. 48.53% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Return on Investment (ROI) Defined, Explained

Get a free copy of the Zacks research report on HopFed Bancorp (HFBC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for HopFed Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HopFed Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply