Price Don’t Lie: What’s Propelling Hometrust Bancshares Inc to Reach All Time High?

Price Don't Lie: What's Propelling Hometrust Bancshares Inc to Reach All Time High?

The stock of Hometrust Bancshares Inc (NASDAQ:HTBI) reached all time high today, Nov, 14 and still has $34.23 target or 63.00% above today’s $21.00 share price. This indicates more upside for the $393.93 million company. This technical setup was reported by Barchart.com. If the $34.23 PT is reached, the company will be worth $248.18 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. The stock last traded at $21 per share. It is up 14.50% since April 12, 2016 and is uptrending. It has outperformed by 9.52% 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. On Friday, October 30 the stock rating was downgraded by Keefe Bruyette & Woods to “Market Perform”.

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 turned negative, 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.
Aperio Group Ltd Liability Corp accumulated 0% or 12,966 shares. Renaissance Tech Limited Liability Co owns 512,615 shares or 0.02% of their US portfolio. Teacher Retirement Systems Of Texas owns 2,485 shares or 0% of their US portfolio. Blackrock Invest Limited Liability Company has 77,614 shares for 0% of their US portfolio. Jacobs Levy Equity Management last reported 0.01% of its portfolio in the stock. Kennedy has invested 0.09% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI). Vanguard Incorporated has 0% invested in the company for 613,739 shares. Morgan Stanley accumulated 0% or 15,949 shares. Swiss Bankshares reported 30,200 shares or 0% of all its holdings. Moreover, Blackrock Advisors Ltd Limited Liability Company has 0% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 7,866 shares. Aqr Capital Management Limited Liability Com owns 22,822 shares or 0% of their US portfolio. Schwab Charles Invest has 54,336 shares for 0% of their US portfolio. Creative Planning reported 79,500 shares or 0.01% of all its holdings. Ubs Asset Management Americas reported 17,200 shares or 0% of all its holdings. Paradice Investment Management Ltd holds 1.88% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI) for 850,651 shares.

Insider Transactions: Since November 4, 2016, the stock had 1 buy, and 0 selling transactions for $20,045 net activity. Another trade for 1,075 shares valued at $20,045 was made by JAMES ROBERT E. 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment