The stock of Hometrust Bancshares Inc (NASDAQ:HTBI) reached all time high today, Nov, 29 and still has $26.11 target or 9.00% above today’s $23.95 share price. This indicates more upside for the $425.73M company. This technical setup was reported by Barchart.com. If the $26.11 PT is reached, the company will be worth $38.32M 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 50,928 shares traded hands or 30.96% up from the average. Hometrust Bancshares Inc (NASDAQ:HTBI) has risen 24.87% since April 26, 2016 and is uptrending. It has outperformed by 19.61% the S&P500.
Analysts await Hometrust Bancshares Inc (NASDAQ:HTBI) to report earnings on February, 3. They expect $0.22 EPS, up 57.14% or $0.08 from last year’s $0.14 per share. HTBI’s profit will be $3.91M for 27.22 P/E if the $0.22 EPS becomes a reality. After $0.25 actual EPS reported by Hometrust Bancshares Inc for the previous quarter, Wall Street now forecasts -12.00% negative EPS growth.
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 firm earned “Market Perform” rating on Friday, October 30 by Keefe Bruyette & Woods.
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 improved, 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.
Springbok Cap Management Ltd Co last reported 0% of its portfolio in the stock. Signaturefd Lc holds 0% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI) for 215 shares. Deutsche Comml Bank Ag accumulated 6,517 shares or 0% of the stock. Fmr Limited Liability reported 32,659 shares or 0% of all its holdings. Invesco Ltd accumulated 0% or 34,650 shares. Northern Trust last reported 0% of its portfolio in the stock. Rhumbline Advisers has 0% invested in the company for 21,283 shares. Millennium Management Ltd Com last reported 0% of its portfolio in the stock. Teacher Retirement Of Texas has 0% invested in the company for 2,485 shares. Glenmede Na last reported 204 shares in the company. Paradice Inv Management Limited Liability holds 1.88% or 850,651 shares in its portfolio. Legal And General Group Public Ltd holds 3,536 shares or 0% of its portfolio. Price Michael F holds 0.17% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI) for 70,000 shares. Parametric Portfolio Associates Lc accumulated 0% or 47,592 shares. Prospector Prns Limited Liability Corporation, a Connecticut-based fund reported 293,700 shares.
Insider Transactions: Since November 4, 2016, the stock had 1 insider purchase, and 0 insider sales 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: Finance.Yahoo.com, which released: “HomeTrust Bancshares, Inc. and TriSummit Bancorp, Inc. Receive Regulatory …” on November 28, 2016. Globenewswire.com‘s article titled: “HomeTrust Bancshares, Inc. and TriSummit Bancorp, Inc. Announce Highly …” and published on September 21, 2016 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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