Zacks Investment Research downgraded shares of HOPFED BANCORP (HFBC) from OUTPERFORM to NEUTRAL on December 24, 2012, with a target price of $9.30.
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.
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