HopFed Bancorp, Inc. (NASDAQ:HFBC) released its earnings results on Thursday, July 27th. The savings and loans company reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.03, Bloomberg Earnings reports. 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.
HopFed Bancorp (NASDAQ:HFBC) opened at 14.40 on Thursday. The stock’s 50 day moving average is $14.44 and its 200 day moving average is $14.59. HopFed Bancorp has a 52-week low of $11.00 and a 52-week high of $15.45. The company has a market cap of $89.68 million, a price-to-earnings ratio of 21.46 and a beta of 0.10.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Friday, July 7th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, July 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. This is a positive change from HopFed Bancorp’s previous quarterly dividend of $0.04. HopFed Bancorp’s dividend payout ratio is currently 29.85%.
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A hedge fund recently raised its stake in HopFed Bancorp stock. Northern Trust Corp increased its position in shares of HopFed Bancorp, Inc. (NASDAQ:HFBC) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,505 shares of the savings and loans company’s stock after buying an additional 278 shares during the period. Northern Trust Corp owned 0.18% of HopFed Bancorp worth $165,000 as of its most recent SEC filing. Institutional investors and hedge funds own 46.16% of the company’s stock.
Separately, Zacks Investment Research lowered shares of HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Monday, May 15th.
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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