Gendell Jeffrey L Et Al Declares Ownership of Stake in HopFed Bancorp, Inc (HFBC)
Gendell Jeffrey L Et Al
recently revealed that they own a 5.6% stake in HopFed Bancorp, Inc (NASDAQ:HFBC) in a Form 13G disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, January 12th. The investor owns 372,913 shares of the stock valued at $5,757,777. The reporting parties listed on the disclosure included Tontine Financial Partners, LP, Tontine Management, LLC, Tontine Asset Associates, LLC and Jeffrey L Gendell. The filing is available through EDGAR at this hyperlink.
provided the following explanation of their ownership:
A number of other hedge funds and other institutional investors have also modified their holdings of HFBC. Stilwell Value LLC grew its stake in HopFed Bancorp by 1,333.4% during the 2nd quarter. Stilwell Value LLC now owns 9,132,593 shares of the savings and loans company’s stock valued at $9,133,000 after purchasing an additional 8,495,465 shares in the last quarter. Western Standard LLC grew its stake in HopFed Bancorp by 389.0% during the 2nd quarter. Western Standard LLC now owns 32,760 shares of the savings and loans company’s stock valued at $470,000 after purchasing an additional 26,060 shares in the last quarter. Vanguard Group Inc. grew its stake in HopFed Bancorp by 3.1% during the 2nd quarter. Vanguard Group Inc. now owns 183,640 shares of the savings and loans company’s stock valued at $2,701,000 after purchasing an additional 5,600 shares in the last quarter. Kennedy Capital Management Inc. grew its stake in HopFed Bancorp by 3.2% during the 2nd quarter. Kennedy Capital Management Inc. now owns 84,680 shares of the savings and loans company’s stock valued at $1,214,000 after purchasing an additional 2,655 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in HopFed Bancorp by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 230,925 shares of the savings and loans company’s stock valued at $3,397,000 after purchasing an additional 733 shares in the last quarter. Hedge funds and other institutional investors own 46.56% of the company’s stock.
HopFed Bancorp, Inc (HFBC) traded up $0.09 during trading hours on Friday, reaching $15.44. The company’s stock had a trading volume of 11,667 shares, compared to its average volume of 11,067. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.46. HopFed Bancorp, Inc has a 52 week low of $13.51 and a 52 week high of $16.29. The company has a market cap of $103.16, a P/E ratio of 20.86 and a beta of 0.17.
HopFed Bancorp (NASDAQ:HFBC) last released its earnings results on Wednesday, October 25th. The savings and loans company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $8.99 million. analysts anticipate that HopFed Bancorp, Inc will post 0.73 earnings per share for the current fiscal year.
HopFed Bancorp declared that its board has approved a share repurchase program on Thursday, November 16th that permits the company to buyback 300,000 outstanding shares. This buyback authorization permits the savings and loans company to buy shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, January 4th. HopFed Bancorp’s dividend payout ratio is presently 27.03%.
Separately, Zacks Investment Research downgraded HopFed Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th.
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HopFed Bancorp 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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