What’s Ahead for HomeTown Bankshares Corporation (HMTA) After Reaching 52-Week High?

April 26, 2018 - By Louis Casey

HomeTown Bankshares Corporation (NASDAQ:HMTA) Logo

Investors sentiment increased to Infinity in 2017 Q4. Its up Infinity, from 1 in 2017Q3. It is positive, as 0 investors sold HomeTown Bankshares Corporation shares while 0 reduced holdings. 3 funds opened positions while 4 raised stakes. 3.77 million shares or 108.78% more from 1.81 million shares in 2017Q3 were reported.
Manufacturers Life The holds 0% of its portfolio in HomeTown Bankshares Corporation (NASDAQ:HMTA) for 174,720 shares. Salzhauer Michael, a New York-based fund reported 24,960 shares. Eidelman Virant Cap reported 1.15% stake. Interocean Limited Liability has invested 0.02% in HomeTown Bankshares Corporation (NASDAQ:HMTA). Pettyjohn Wood White reported 0.06% of its portfolio in HomeTown Bankshares Corporation (NASDAQ:HMTA). Ejf Cap Limited Liability invested in 0.33% or 372,735 shares. Wells Fargo & Mn has 343 shares. 22,348 were reported by Raymond James Fincl Serv Advsrs. Alliancebernstein L P owns 19,311 shares. Wellington Gp Ltd Liability Partnership owns 0% invested in HomeTown Bankshares Corporation (NASDAQ:HMTA) for 372,735 shares. Fj Capital Management Ltd Limited Liability Company has 0.68% invested in HomeTown Bankshares Corporation (NASDAQ:HMTA) for 489,100 shares. Morgan Stanley owns 0% invested in HomeTown Bankshares Corporation (NASDAQ:HMTA) for 229 shares. Banc Funds Co Ltd Liability Co holds 177,842 shares. State Street owns 16,824 shares. Captrust Advsrs has invested 0% of its portfolio in HomeTown Bankshares Corporation (NASDAQ:HMTA).

The stock of HomeTown Bankshares Corporation (NASDAQ:HMTA) hit a new 52-week high and has $12.95 target or 7.00 % above today’s $12.10 share price. The 9 months bullish chart indicates low risk for the $70.19M company. The 1-year high was reported on Apr, 26 by Barchart.com. If the $12.95 price target is reached, the company will be worth $4.91 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.83% or $0.1 during the last trading session, reaching $12.1. About 20,869 shares traded or 481.31% up from the average. HomeTown Bankshares Corporation (NASDAQ:HMTA) has 0.00% since April 26, 2017 and is . It has underperformed by 11.55% the S&P500.

HomeTown Bankshares Corporation operates as the bank holding firm for HomeTown Bank that provides retail and commercial banking services and products in the United States. The company has market cap of $70.19 million. It offers various deposit products, such as checking accounts, savings and time deposits, daily money market accounts, longer-term certificates of deposit, and individual retirement accounts. It has a 28.14 P/E ratio. The company's loan portfolio includes commercial loans comprising secured and unsecured loans for working capital, including inventory and receivables; business expansion loans, such as acquisition of real estate and improvements; and loans for the purchase of equipment and machinery.

HomeTown Bankshares Corporation (NASDAQ:HMTA) Institutional Positions Chart

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