Gabelli Funds LLC Invests $2.36 Million in HopFed Bancorp, Inc (HFBC) Stock

Gabelli Funds LLC bought a new stake in HopFed Bancorp, Inc (NASDAQ:HFBC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 119,805 shares of the savings and loans company’s stock, valued at approximately $2,360,000.

Separately, Beese Fulmer Investment Management Inc. boosted its holdings in HopFed Bancorp by 23.3% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 19,799 shares of the savings and loans company’s stock valued at $263,000 after acquiring an additional 3,735 shares during the last quarter. 51.27% of the stock is currently owned by institutional investors.

Several analysts recently commented on HFBC shares. Zacks Investment Research cut HopFed Bancorp from a “buy” rating to a “hold” rating in a report on Tuesday, February 19th. ValuEngine cut HopFed Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.

Shares of HFBC stock opened at $19.15 on Thursday. HopFed Bancorp, Inc has a one year low of $13.03 and a one year high of $20.36. The company has a market capitalization of $127.00 million, a P/E ratio of 21.04 and a beta of 0.97. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39.

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HopFed Bancorp Company Profile

HopFed Bancorp, Inc operates as the bank holding company for Heritage Bank USA, Inc that provides various banking products and services. The company accepts various deposit products, including money market accounts, passbook savings accounts, individual retirement accounts, certificates of deposit, and time deposits, as well as non-interest bearing, savings, and interest bearing checking accounts.

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Institutional Ownership by Quarter for HopFed Bancorp (NASDAQ:HFBC)

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