The stock of HopFed Bancorp, Inc (NASDAQ:HFBC) hit a new 52-week high and has $13.41 target or 4.00% above today’s $12.89 share price. The 9 months bullish chart indicates low risk for the $89.00 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $13.41 price target is reached, the company will be worth $3.56 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 22,559 shares traded hands or 44.71% up from the average. HopFed Bancorp, Inc (NASDAQ:HFBC) has risen 13.83% since April 25, 2016 and is uptrending. It has outperformed by 7.82% the S&P500.
Analysts await HopFed Bancorp, Inc (NASDAQ:HFBC) to report earnings on February, 3. They expect $0.12 earnings per share, up 20.00% or $0.02 from last year’s $0.1 per share. HFBC’s profit will be $828,549 for 26.85 P/E if the $0.12 EPS becomes a reality. After $0.16 actual earnings per share reported by HopFed Bancorp, Inc for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment increased to 0.89 in Q2 2016. Its up 0.39, from 0.5 in 2016Q1. The ratio is positive, as 3 funds sold all HopFed Bancorp, Inc shares owned while 7 reduced positions. 2 funds bought stakes while 3 increased positions. They now own 2.19 million shares or 2.45% less from 2.24 million shares in 2016Q1.
Arbiter Prtnrs Mgmt Limited Liability Company, a New York-based fund reported 94,328 shares. Morgan Stanley reported 1,306 shares or 0% of all its holdings. Moreover, Deutsche Bank & Trust Ag has 0% invested in HopFed Bancorp, Inc (NASDAQ:HFBC) for 1,200 shares. Dimensional Fund Advisors Ltd Partnership last reported 222,885 shares in the company. The Florida-based Deprince Race And Zollo has invested 0.11% in HopFed Bancorp, Inc (NASDAQ:HFBC). Hutchin Hill Cap L P accumulated 102,916 shares or 0.04% of the stock. The Florida-based Ladenburg Thalmann Fincl Services has invested 0% in HopFed Bancorp, Inc (NASDAQ:HFBC). First Wilshire Securities Mngmt, a California-based fund reported 27,117 shares. Wells Fargo Mn has 252 shares for 0% of their US portfolio. Nationwide Fund Advisors last reported 12 shares in the company. Oppenheimer & Close Limited Liability holds 148,888 shares or 1.62% of its portfolio. Blackrock Fund Advsr, a California-based fund reported 23,127 shares. Blackrock Investment Mgmt Llc last reported 1,125 shares in the company. Banc Funds Lc last reported 0.06% of its portfolio in the stock. The North Carolina-based National Bank & Trust Of America Corporation De has invested 0% in HopFed Bancorp, Inc (NASDAQ:HFBC).
Insider Transactions: Since June 1, 2016, the stock had 4 buys, and 0 selling transactions for $16,778 net activity. $6,722 worth of HopFed Bancorp, Inc (NASDAQ:HFBC) shares were bought by MILLER THOMAS I. On Tuesday, August 30 Knight Bailey Chip bought $566 worth of the stock or 49 shares. Shares for $18,165 were sold by DUVALL BILLY C on Wednesday, June 1. $6,490 worth of shares were bought by DEMPSEY HARRY J on Tuesday, July 5. $3,000 worth of HopFed Bancorp, Inc (NASDAQ:HFBC) shares were bought by WOOLFOLK MICHAEL L.
Another recent and important HopFed Bancorp, Inc (NASDAQ:HFBC) news was published by Businesswire.com which published an article titled: “HopFed Bancorp, Inc. Reports Third Quarter Results” on October 31, 2016.
HFBC Company Profile
HopFed Bancorp, Inc., incorporated on May 29, 1997, is a savings and loan holding firm that operates through its subsidiary, Heritage Bank USA, Inc. (the Bank). The Bank is a Kentucky state chartered commercial bank 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 the United States Government and agency securities, municipal and corporate bonds, collateralized mortgages obligations (CMOs), and mortgage-backed securities. The Bank also originates single-family residential/construction loans, and multi-family and commercial real estate loans, as well as loans secured by deposits, other consumer loans and commercial loans. The Bank’s Kentucky locations include Hopkinsville, Murray, Cadiz, Elkton, Fulton, Calvert City and Benton. The Tennessee locations include Clarksville, Pleasant View, Ashland City, Kingston Springs and Erin. The primary market area of the Bank consists of the adjacent counties of Calloway, Christian, Todd, Trigg, Fulton, and Marshall located in southwestern Kentucky and Montgomery, Cheatham, Houston, Davidson, Obion and Weakley counties located in Tennessee.