Deprince Race & Zollo Inc. held its position in HopFed Bancorp, Inc. (NASDAQ:HFBC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 509,868 shares of the savings and loans company’s stock at the end of the second quarter. Deprince Race & Zollo Inc. owned 8.20% of HopFed Bancorp worth $7,308,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HFBC. Renaissance Technologies LLC bought a new position in HopFed Bancorp during the fourth quarter valued at $494,000. Kennedy Capital Management Inc. bought a new position in HopFed Bancorp during the first quarter valued at $1,174,000. Dimensional Fund Advisors LP increased its position in HopFed Bancorp by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 227,685 shares of the savings and loans company’s stock valued at $3,065,000 after buying an additional 3,852 shares during the period. Finally, Gendell Jeffrey L increased its position in 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 valued at $4,275,000 after buying an additional 35,474 shares during the period. Hedge funds and other institutional investors own 46.16% of the company’s stock.
HopFed Bancorp, Inc. (NASDAQ:HFBC) opened at 14.06 on Friday. The company’s 50 day moving average is $14.42 and its 200 day moving average is $14.58. HopFed Bancorp, Inc. has a 52-week low of $11.00 and a 52-week high of $15.45. The firm has a market cap of $87.57 million, a P/E ratio of 20.95 and a beta of 0.10.
HopFed Bancorp (NASDAQ:HFBC) last announced its quarterly earnings data on Thursday, July 27th. The savings and loans company reported $0.18 EPS for the quarter, beating 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 firm had revenue of $8.80 million during the quarter, compared to analysts’ expectations of $8.86 million. Equities research analysts forecast that HopFed Bancorp, Inc. will post $0.70 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Investors of record on Friday, July 7th were paid a $0.05 dividend. This is a boost from HopFed Bancorp’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, July 5th. This represents a $0.20 annualized dividend and a dividend yield of 1.42%. HopFed Bancorp’s dividend payout ratio (DPR) is 29.85%.
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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 report on Thursday, August 3rd.
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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