The stock of Hometrust Bancshares Inc (NASDAQ:HTBI) reached all time high today, Nov, 22 and still has $23.95 target or 3.00% above today’s $23.25 share price. This indicates more upside for the $426.02M company. This technical setup was reported by Barchart.com. If the $23.95 PT is reached, the company will be worth $12.78 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 14,302 shares traded hands. Hometrust Bancshares Inc (NASDAQ:HTBI) has risen 21.65% since April 20, 2016 and is uptrending. It has outperformed by 17.09% the S&P500.
Hometrust Bancshares Inc (NASDAQ:HTBI) Ratings Coverage
Out of 2 analysts covering HomeTrust Bancshares (NASDAQ:HTBI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. HomeTrust Bancshares has been the topic of 2 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The stock of Hometrust Bancshares Inc (NASDAQ:HTBI) earned “Market Perform” rating by Keefe Bruyette & Woods on Friday, October 30.
According to Zacks Investment Research, “HomeTrust Bancshares, Inc. is a bank holding company. It operates through HomeTrust Bank, a federally chartered mutual savings bank. The Bank’s principal business consists of attracting deposits from the general public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences. HomeTrust Bancshares, Inc. is based in Asheville, North Carolina.”
Insitutional Activity: The institutional sentiment increased to 1.09 in 2016 Q2. Its up 0.43, from 0.66 in 2016Q1. The ratio increased, as 3 funds sold all Hometrust Bancshares Inc shares owned while 35 reduced positions. 6 funds bought stakes while 19 increased positions. They now own 10.51 million shares or 2.88% less from 10.83 million shares in 2016Q1.
Maltese Capital Mngmt Limited Company, a New York-based fund reported 337,413 shares. Thrivent Financial For Lutherans, a Minnesota-based fund reported 35,100 shares. Jacobs Levy Equity Management has 14,013 shares for 0.01% of their US portfolio. Rhumbline Advisers last reported 0% of its portfolio in the stock. Mendon Cap owns 571,543 shares or 1.09% of their US portfolio. Wells Fargo & Mn accumulated 7,178 shares or 0% of the stock. Credit Suisse Ag reported 47,630 shares or 0% of all its holdings. Geode Management Limited Liability Com owns 135,648 shares or 0% of their US portfolio. Citigroup Inc has invested 0% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI). Fmr Ltd holds 0% or 32,659 shares in its portfolio. Moreover, Price Michael F has 0.17% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 70,000 shares. Moreover, Signaturefd Limited Liability Co has 0% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 215 shares. Millennium Mngmt Ltd Limited Liability Company accumulated 27,044 shares or 0% of the stock. Invesco Limited holds 0% or 34,650 shares in its portfolio. Fj Capital Mngmt Ltd Liability Corp accumulated 1.46% or 397,000 shares.
Insider Transactions: Since November 4, 2016, the stock had 1 insider purchase, and 0 selling transactions for $20,045 net activity. JAMES ROBERT E. had bought 1,075 shares worth $20,045.
More news for Hometrust Bancshares Inc (NASDAQ:HTBI) were recently published by: Globenewswire.com, which released: “HomeTrust Bancshares, Inc. and TriSummit Bancorp, Inc. Announce Highly …” on September 21, 2016. Charlotteobserver.com‘s article titled: “Bank of Commerce sold to HomeTrust Bancshares” and published on March 04, 2014 is yet another important article.
HTBI Company Profile
HomeTrust Bancshares, Inc., incorporated on December 27, 2011, is a bank holding firm of HomeTrust Bank (the Bank). The Bank’s principal business consists of attracting deposits from the public and investing those funds, along with borrowed funds, in loans secured primarily by first and second mortgages on one- to four-family residences and municipal leases. The Firm purchases investment securities consisting primarily of securities issued by the United States Government agencies and government-sponsored enterprises, as well as, certificates of deposit insured by the Federal Deposit Insurance Corporation (FDIC). The Firm offers a range of deposit accounts for individuals, businesses and nonprofit organizations. As of June 30, 2016, the Bank operated in nine metropolitan statistical areas (MSAs): Asheville, Charlotte-Concord-Gastonia, Greenville-Anderson-Mauldin, Johnson City, Kingsport-Bristol-Bristol, Knoxville, Morristown, Roanoke and Raleigh.
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