HopFed Bancorp (NASDAQ:HFBC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.
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 upgraded HopFed Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, January 9th.
Shares of NASDAQ:HFBC opened at $19.27 on Tuesday. HopFed Bancorp has a 1 year low of $13.03 and a 1 year high of $20.10. The stock has a market cap of $132.78 million, a P/E ratio of 21.71 and a beta of 0.99. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.50.
HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings results on Thursday, January 31st. The savings and loans company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. HopFed Bancorp had a return on equity of 6.51% and a net margin of 12.73%. The company had revenue of $8.79 million for the quarter, compared to the consensus estimate of $9.00 million. On average, analysts expect that HopFed Bancorp will post 0.88 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in HopFed Bancorp stock. Beese Fulmer Investment Management Inc. grew its position in shares of HopFed Bancorp, Inc (NASDAQ:HFBC) by 23.3% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 about 0.30% of HopFed Bancorp worth $263,000 at the end of the most recent quarter. Institutional investors own 46.33% of the company’s stock.
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.
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