HopFed Bancorp, Inc. (NASDAQ:HFBC) Lowered to “Sell” at Zacks Investment Research

HopFed Bancorp, Inc. (NASDAQ:HFBC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday, July 3rd.

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 (NASDAQ:HFBC) traded up 0.07% during midday trading on Monday, reaching $14.75. 1,981 shares of the company were exchanged. The company has a market capitalization of $91.72 million, a PE ratio of 27.52 and a beta of 0.10. HopFed Bancorp has a 52 week low of $11.00 and a 52 week high of $15.45. The firm has a 50-day moving average price of $14.49 and a 200-day moving average price of $14.51.

HopFed Bancorp (NASDAQ:HFBC) last issued its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. HopFed Bancorp had a net margin of 10.26% and a return on equity of 4.76%. The firm had revenue of $8.80 million for the quarter, compared to analysts’ expectations of $8.86 million. Equities research analysts anticipate that HopFed Bancorp will post $0.61 earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Gendell Jeffrey L boosted its position in shares of HopFed Bancorp by 13.5% in the first quarter. Gendell Jeffrey L now owns 298,616 shares of the savings and loans company’s stock worth $4,275,000 after buying an additional 35,474 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in HopFed Bancorp by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 230,192 shares of the savings and loans company’s stock valued at $3,292,000 after buying an additional 2,507 shares during the period. Kennedy Capital Management Inc. acquired a new position in HopFed Bancorp during the first quarter valued at $1,174,000. Finally, Renaissance Technologies LLC acquired a new position in HopFed Bancorp during the fourth quarter valued at $494,000. 46.23% of the stock is currently owned by hedge funds and other institutional investors.

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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