The stock of Hometrust Bancshares Inc (NASDAQ:HTBI) hit a new 52-week high and has $59.32 target or 166.00% above today’s $22.30 share price. The 7 months bullish chart indicates low risk for the $406.11 million company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $59.32 price target is reached, the company will be worth $674.14 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 3.00% or $0.65 during the last trading session, hitting $22.3. About 62,396 shares traded hands or 98.73% up from the average. Hometrust Bancshares Inc (NASDAQ:HTBI) has risen 14.43% since April 15, 2016 and is uptrending. It has outperformed by 9.81% 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 decreased to 0.66 in 2016 Q2. Its down 0.37, from 1.03 in 2016Q1. The ratio is 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.
Prospector Lc holds 0.92% or 293,700 shares in its portfolio. Moreover, Fsi Group Lc has 1.04% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 92,056 shares. Barclays Pcl accumulated 73 shares or 0% of the stock. Creative Planning holds 0.01% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI) for 79,500 shares. Jacobs Levy Equity Mgmt, a New Jersey-based fund reported 14,013 shares. Tiaa Cref Invest Mgmt Limited Liability Corp last reported 0% of its portfolio in the stock. Kennedy Cap Mngmt last reported 0.09% of its portfolio in the stock. Moreover, Northern Trust Corp has 0% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 176,221 shares. National Bank Of America Corporation De owns 13,535 shares or 0% of their US portfolio. Spark Mgmt Ltd Company owns 20,600 shares or 0.04% of their US portfolio. The Ohio-based Fifth Third Fincl Bank has invested 0% in Hometrust Bancshares Inc (NASDAQ:HTBI). The Massachusetts-based Fmr Limited Liability Company has invested 0% in Hometrust Bancshares Inc (NASDAQ:HTBI). Moreover, Vanguard Gp has 0% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 613,739 shares. Springbok Cap Mgmt Ltd Liability Co holds 0% or 1,000 shares in its portfolio. Nationwide Fund Advsr accumulated 0% or 13,035 shares.
Insider Transactions: Since November 4, 2016, the stock had 1 buying transaction, and 0 sales for $20,045 net activity. The insider JAMES ROBERT E. bought $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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