The HopFed Bancorp, Inc (HFBC) Downgraded by Zacks Investment Research

The HopFed Bancorp, Inc (HFBC) Downgraded by Zacks Investment Research

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. “

HopFed Bancorp, Inc (NASDAQ:HFBC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, May 15th.

Shares of HopFed Bancorp (NASDAQ:HFBC) opened at 14.57 on Monday. The stock has a market cap of $90.60 million, a PE ratio of 27.18 and a beta of 0.40. The company’s 50-day moving average price is $14.62 and its 200 day moving average price is $14.16. HopFed Bancorp has a 1-year low of $11.00 and a 1-year high of $15.45. HopFed Bancorp (NASDAQ:HFBC) last announced its earnings results on Wednesday, April 26th. The savings and loans company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.11 by $0.04. The business had revenue of $9.05 million for the quarter, compared to the consensus estimate of $8.67 million. HopFed Bancorp had a return on equity of 3.27% and a net margin of 7.32%. Equities analysts forecast that HopFed Bancorp will post $0.61 EPS for the current fiscal year.

Shares of HopFed Bancorp (NASDAQ:HFBC) opened at 14.57 on Monday. The stock has a market cap of $90.60 million, a PE ratio of 27.18 and a beta of 0.40. The company’s 50-day moving average price is $14.62 and its 200 day moving average price is $14.16. HopFed Bancorp has a 1-year low of $11.00 and a 1-year high of $15.45. A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Gendell Jeffrey L increased its position in HopFed Bancorp by 13.5% in the first quarter. Gendell Jeffrey L now owns 298,616 shares of the savings and loans company’s stock valued at $4,275,000 after buying an additional 35,474 shares in the last quarter. Dimensional Fund Advisors LP increased its position in HopFed Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 230,192 shares of the savings and loans company’s stock valued at $3,292,000 after buying an additional 2,507 shares in the last quarter. Kennedy Capital Management Inc. purchased a new position in HopFed Bancorp during the first quarter valued at about $1,174,000. FJ Capital Management LLC increased its position in HopFed Bancorp by 0.7% in the fourth quarter. FJ Capital Management LLC now owns 61,400 shares of the savings and loans company’s stock valued at $827,000 after buying an additional 400 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in HopFed Bancorp during the fourth quarter valued at about $494,000. 44.21% of the stock is currently owned by hedge funds and other institutional investors.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:HFBC”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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

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