Stilwell Value buys $7 Million stake in HopFed Bancorp Inc (HFBC)

HopFed Bancorp Inc (HFBC) : Stilwell Value scooped up 8,461 additional shares in HopFed Bancorp Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 632,128 shares of HopFed Bancorp Inc which is valued at $7 Million.HopFed Bancorp Inc makes up approximately 4.71% of Stilwell Value’s portfolio.

Other Hedge Funds, Including , Geode Capital Management reduced its stake in HFBC by selling 33 shares or 0.16% in the most recent quarter. The Hedge Fund company now holds 20,418 shares of HFBC which is valued at $226,640.Deprince Race Zollo Inc reduced its stake in HFBC by selling 24,444 shares or 4.99% in the most recent quarter. The Hedge Fund company now holds 465,296 shares of HFBC which is valued at $5.1 Million. HopFed Bancorp Inc makes up approx 0.10% of Deprince Race Zollo Inc’s portfolio.

HopFed Bancorp Inc opened for trading at $11.29 and hit $11.49 on the upside on Wednesday, eventually ending the session at $11.49, with a gain of 2.35% or 0.264 points. The heightened volatility saw the trading volume jump to 8,237 shares. Company has a market cap of $78 M.

HopFed Bancorp Inc. is a savings and loan holding company that operates through its wholly owned subsidiary Heritage Bank USA Inc. (the Bank). The Bank is a Kentucky state chartered commercial bank headquartered 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. 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.

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