The stock of Hometrust Bancshares Inc (NASDAQ:HTBI) hit a new 52-week high and has $38.16 target or 83.00% above today’s $20.85 share price. The 7 months bullish chart indicates low risk for the $383.85 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $38.16 price target is reached, the company will be worth $318.60M 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. About 75,282 shares traded hands or 298.63% up from the average. Hometrust Bancshares Inc (NASDAQ:HTBI) has risen 9.04% since April 11, 2016 and is uptrending. It has outperformed by 2.89% 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) has “Market Perform” rating given 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 decreased to 0.66 in 2016 Q2. Its down 0.37, from 1.03 in 2016Q1. The ratio fall, 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.
Paradice Invest Management Ltd Liability reported 850,651 shares or 1.88% of all its holdings. The California-based Blackrock Fund Advsr has invested 0% in Hometrust Bancshares Inc (NASDAQ:HTBI). State Street last reported 0% of its portfolio in the stock. Eidelman Virant owns 42,100 shares or 0.25% of their US portfolio. Blackrock Advisors Limited Liability has 0% invested in the company for 7,866 shares. Jacobs Levy Equity Mngmt has invested 0.01% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI). Los Angeles Mgmt Equity Research has 0% invested in the company for 10,160 shares. Aperio Grp Ltd Liability Corp, a California-based fund reported 12,966 shares. Wells Fargo And Com Mn has 0% invested in the company for 7,178 shares. Bridgeway Cap Management has invested 0.02% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI). Bank & Trust Of New York Mellon Corporation accumulated 81,911 shares or 0% of the stock. California Employees Retirement Sys, a California-based fund reported 55,500 shares. Acadian Asset Mngmt last reported 0% of its portfolio in the stock. Vanguard Grp Inc Inc has invested 0% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI). Legal And General Grp Inc Public Limited Company, a United Kingdom-based fund reported 3,536 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. bought $20,045 worth of Hometrust Bancshares Inc (NASDAQ:HTBI) on Friday, November 4.
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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