HopFed Bancorp, Inc. (HFBC) Stake Lessened by Deprince Race & Zollo Inc.
Deprince Race & Zollo Inc. trimmed its holdings in shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) by 6.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 479,286 shares of the savings and loans company’s stock after selling 30,582 shares during the period. Deprince Race & Zollo Inc. owned approximately 7.16% of HopFed Bancorp worth $6,950,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the stock. Stilwell Value LLC raised its position in HopFed Bancorp by 1,333.4% during the second quarter. Stilwell Value LLC now owns 9,132,593 shares of the savings and loans company’s stock valued at $9,133,000 after buying an additional 8,495,465 shares during the period. Western Standard LLC increased its position in HopFed Bancorp by 389.0% in the 2nd quarter. Western Standard LLC now owns 32,760 shares of the savings and loans company’s stock worth $470,000 after purchasing an additional 26,060 shares during the last quarter. Dimensional Fund Advisors LP increased its position in HopFed Bancorp by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 230,925 shares of the savings and loans company’s stock worth $3,397,000 after purchasing an additional 733 shares during the last quarter. Vanguard Group Inc. increased its position in HopFed Bancorp by 3.1% in the 2nd quarter. Vanguard Group Inc. now owns 183,640 shares of the savings and loans company’s stock worth $2,701,000 after purchasing an additional 5,600 shares during the last quarter. Finally, Northern Trust Corp increased its position in HopFed Bancorp by 2.5% in the 2nd quarter. Northern Trust Corp now owns 11,505 shares of the savings and loans company’s stock worth $165,000 after purchasing an additional 278 shares during the last quarter. 46.67% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research upgraded HopFed Bancorp from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Thursday, August 3rd.
HopFed Bancorp, Inc. (NASDAQ:HFBC) traded up $0.11 on Friday, hitting $14.20. The stock had a trading volume of 2,077 shares, compared to its average volume of 4,757. The company has a market cap of $93.15, a P/E ratio of 19.12 and a beta of 0.17. HopFed Bancorp, Inc. has a 52 week low of $11.80 and a 52 week high of $15.45. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.86 and a current ratio of 0.86.
HopFed Bancorp (NASDAQ:HFBC) last released its quarterly earnings results on Wednesday, October 25th. The savings and loans company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. HopFed Bancorp had a return on equity of 5.21% and a net margin of 11.09%. The company had revenue of $9.13 million during the quarter, compared to the consensus estimate of $8.99 million. research analysts predict that HopFed Bancorp, Inc. will post 0.72 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 23rd. Shareholders of record on Wednesday, October 4th were given a $0.05 dividend. The ex-dividend date was Tuesday, October 3rd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.41%. HopFed Bancorp’s dividend payout ratio is currently 27.40%.
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HopFed Bancorp Company Profile
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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