HopFed Bancorp, Inc. (NASDAQ:HFBC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, August 3rd. The brokerage presently has a $16.00 price target on the savings and loans company’s stock. Zacks Investment Research‘s price target points to a potential upside of 11.50% from the stock’s current price.

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 (HFBC) opened at 14.35 on Thursday. The stock’s 50 day moving average is $14.45 and its 200 day moving average is $14.59. The company has a market capitalization of $89.37 million, a P/E ratio of 21.39 and a beta of 0.10. HopFed Bancorp has a 52 week low of $11.00 and a 52 week high of $15.45.

HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.03. HopFed Bancorp had a net margin of 10.26% and a return on equity of 4.74%. The firm had revenue of $8.80 million during the quarter, compared to analyst estimates of $8.86 million. On average, equities research analysts expect that HopFed Bancorp will post $0.70 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Western Standard LLC raised its position in shares of HopFed Bancorp by 389.0% in the second quarter. Western Standard LLC now owns 32,760 shares of the savings and loans company’s stock valued at $470,000 after buying an additional 26,060 shares during the period. Dimensional Fund Advisors LP raised its position in shares of HopFed Bancorp by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 230,925 shares of the savings and loans company’s stock valued at $3,397,000 after buying an additional 733 shares during the period. Vanguard Group Inc. raised its position in shares of HopFed Bancorp by 3.1% in the second quarter. Vanguard Group Inc. now owns 183,640 shares of the savings and loans company’s stock valued at $2,701,000 after buying an additional 5,600 shares during the period. Northern Trust Corp raised its position in shares of HopFed Bancorp by 2.5% in the second quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock valued at $165,000 after buying an additional 278 shares during the period. Finally, Kennedy Capital Management Inc. raised its position in shares of HopFed Bancorp by 3.2% in the second quarter. Kennedy Capital Management Inc. now owns 84,680 shares of the savings and loans company’s stock valued at $1,214,000 after buying an additional 2,655 shares during the period. 46.16% of the stock is owned by 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.

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