Oppenheimer & Close LLC maintained its stake in shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,888 shares of the savings and loans company’s stock at the end of the 2nd quarter. HopFed Bancorp accounts for about 2.2% of Oppenheimer & Close LLC’s holdings, making the stock its 12th biggest position. Oppenheimer & Close LLC owned 2.39% of HopFed Bancorp worth $2,134,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of HFBC. Kennedy Capital Management Inc. purchased a new stake in shares of HopFed Bancorp during the 1st quarter worth approximately $1,174,000. Gendell Jeffrey L increased its stake in shares of HopFed Bancorp by 13.5% during the 1st quarter. Gendell Jeffrey L now owns 298,616 shares of the savings and loans company’s stock worth $4,275,000 after purchasing an additional 35,474 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of HopFed Bancorp by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 230,192 shares of the savings and loans company’s stock worth $3,292,000 after purchasing an additional 2,507 shares during the last quarter. Institutional investors own 46.91% of the company’s stock.
Separately, Zacks Investment Research upgraded shares of 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 down 1.41% on Monday, reaching $13.94. 582 shares of the company were exchanged. The firm has a market capitalization of $86.82 million, a P/E ratio of 20.77 and a beta of 0.11. The firm has a 50-day moving average of $14.21 and a 200 day moving average of $14.47. HopFed Bancorp, Inc. has a 12-month low of $11.00 and a 12-month high of $15.45.
HopFed Bancorp (NASDAQ:HFBC) last released its quarterly earnings results on Thursday, July 27th. The savings and loans company reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $8.80 million for the quarter, compared to the consensus estimate of $8.86 million. On average, equities analysts predict that HopFed Bancorp, Inc. will post $0.70 earnings per share for the current year.
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.
Want to see what other hedge funds are holding HFBC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HopFed Bancorp, Inc. (NASDAQ:HFBC).
Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.