HopFed Bancorp Inc. (HFBC) Stock Rating Upgraded by TheStreet
HopFed Bancorp Inc. (NASDAQ:HFBC) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research report issued on Wednesday.
Separately, Zacks Investment Research raised shares of HopFed Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th.
Shares of HopFed Bancorp (NASDAQ:HFBC) traded up 2.78% during trading on Wednesday, reaching $12.92. 4,462 shares of the company’s stock were exchanged. HopFed Bancorp has a 52 week low of $10.82 and a 52 week high of $12.98. The company’s 50-day moving average is $11.47 and its 200 day moving average is $11.56. The stock has a market capitalization of $80.26 million, a PE ratio of 32.54 and a beta of 0.44.
Hedge funds have recently added to or reduced their stakes in the company. Deprince Race & Zollo Inc. increased its stake in HopFed Bancorp by 3.5% in the second quarter. Deprince Race & Zollo Inc. now owns 481,546 shares of the company’s stock worth $5,581,000 after buying an additional 16,250 shares during the last quarter. Timber Hill LLC bought a new stake in HopFed Bancorp during the third quarter worth $203,000. Alpine Woods Capital Investors LLC bought a new stake in HopFed Bancorp during the third quarter worth $190,000. Finally, Stilwell Value LLC increased its stake in HopFed Bancorp by 0.8% in the second quarter. Stilwell Value LLC now owns 637,128 shares of the company’s stock worth $7,384,000 after buying an additional 5,000 shares during the last quarter. 43.69% of the stock is owned by institutional investors and hedge funds.
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.
Receive News & Stock Ratings for HopFed Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HopFed Bancorp Inc. and related stocks with our FREE daily email newsletter.