HopFed Bancorp Inc. (NASDAQ:HFBC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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, TheStreet lowered HopFed Bancorp from a “buy” rating to a “hold” rating in a report on Thursday, July 21st.

HopFed Bancorp (NASDAQ:HFBC) opened at 11.33 on Tuesday. The company has a market cap of $70.61 million, a PE ratio of 35.52 and a beta of 0.45. The stock has a 50 day moving average price of $11.38 and a 200 day moving average price of $11.52. HopFed Bancorp has a 1-year low of $10.82 and a 1-year high of $12.52.

HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings data on Friday, July 29th. The company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. HopFed Bancorp had a return on equity of 2.24% and a net margin of 5.00%. Equities analysts forecast that HopFed Bancorp will post $0.33 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 18th. Stockholders of record on Monday, October 3rd will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Thursday, September 29th. HopFed Bancorp’s payout ratio is presently 51.61%.

A hedge fund recently raised its stake in HopFed Bancorp stock. Deprince Race & Zollo Inc. raised its stake in shares of HopFed Bancorp Inc. (NASDAQ:HFBC) by 3.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 481,546 shares of the company’s stock after buying an additional 16,250 shares during the period. Deprince Race & Zollo Inc. owned about 7.65% of HopFed Bancorp worth $5,581,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 43.10% of the company’s stock.

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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