HopFed Bancorp, Inc (NASDAQ:HFBC) Given Average Recommendation of “Hold” by Brokerages

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HopFed Bancorp, Inc (NASDAQ:HFBC) has received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Zacks has also given HopFed Bancorp an industry rank of 177 out of 256 based on the ratings given to its competitors.

Separately, ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

Shares of NASDAQ:HFBC traded up $0.02 during trading on Friday, hitting $19.49. 3,300 shares of the stock traded hands, compared to its average volume of 16,526. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $130.19 million, a P/E ratio of 20.83 and a beta of 0.89. The business’s fifty day simple moving average is $19.27. HopFed Bancorp has a 52-week low of $13.03 and a 52-week high of $20.36.

HopFed Bancorp (NASDAQ:HFBC) last issued its quarterly earnings results on Wednesday, May 1st. The savings and loans company reported $0.20 EPS for the quarter. The business had revenue of $8.43 million for the quarter, compared to analysts’ expectations of $9.00 million. HopFed Bancorp had a net margin of 11.43% and a return on equity of 6.43%.

The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a dividend of $0.23 per share. This is an increase from HopFed Bancorp’s previous quarterly dividend of $0.07. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date was Friday, May 31st.

Institutional investors have recently added to or reduced their stakes in the company. Chicago Capital Management LLC acquired a new position in HopFed Bancorp during the 1st quarter worth $208,000. Yakira Capital Management Inc. acquired a new stake in shares of HopFed Bancorp during the first quarter worth $1,504,000. Gabelli Funds LLC acquired a new stake in shares of HopFed Bancorp during the first quarter worth $2,360,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of HopFed Bancorp during the first quarter worth $3,187,000. Finally, Dimensional Fund Advisors LP raised its position in shares of HopFed Bancorp by 3.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 251,188 shares of the savings and loans company’s stock worth $3,338,000 after purchasing an additional 8,751 shares during the period. 50.43% of the stock is owned by hedge funds and other institutional investors.

HopFed Bancorp Company Profile

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.

Further Reading: Moving Average – How it Helps Investors in Stock Selection

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