Price Action Report: Could Hometrust Bancshares Inc See a Reversal After Breaking Its 52-Week High?

Price Action Report: Could Hometrust Bancshares Inc See a Reversal After Breaking Its 52 Week High?

The stock of Hometrust Bancshares Inc (NASDAQ:HTBI) hit a new 52-week high and has $26.02 target or 6.00% above today’s $24.55 share price. The 6 months bullish chart indicates low risk for the $436.31 million company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $26.02 price target is reached, the company will be worth $26.18 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. About 16,511 shares traded hands. 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 earnings per share, up 57.14% or $0.08 from last year’s $0.14 per share. HTBI’s profit will be $3.91 million for 27.90 P/E if the $0.22 EPS becomes a reality. After $0.25 actual earnings per share 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. Keefe Bruyette & Woods downgraded the stock to “Market Perform” rating in Friday, October 30 report.

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 Q2 2016. Its up 0.43, from 0.66 in 2016Q1. The ratio is positive, 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.
Tiaa Cref Investment Management owns 115,299 shares or 0% of their US portfolio. The Pennsylvania-based Nationwide Fund Advsr has invested 0% in Hometrust Bancshares Inc (NASDAQ:HTBI). Blackrock Investment Management Ltd Liability Co holds 0% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI) for 77,614 shares. Moreover, Vanguard has 0% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 613,739 shares. Moreover, Jpmorgan Chase And has 0% invested in Hometrust Bancshares Inc (NASDAQ:HTBI) for 1,143 shares. Brandywine Glob Management Limited Liability Company holds 6,600 shares or 0% of its portfolio. Prospector Prtn Ltd Liability Com has invested 0.92% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI). Rmb Cap Mngmt Lc last reported 0.29% of its portfolio in the stock. Barclays Public Limited Liability Corporation, a United Kingdom-based fund reported 73 shares. Analytic Invsts Ltd accumulated 31,237 shares or 0.01% of the stock. Thrivent Financial For Lutherans holds 35,100 shares or 0% of its portfolio. Inv Counselors Of Maryland Ltd Company, a Maryland-based fund reported 783,032 shares. Oppenheimer Close Ltd Com accumulated 307,750 shares or 5.35% of the stock. Manufacturers Life Ins Co The reported 12,953 shares or 0% of all its holdings. Signaturefd Ltd Liability Com holds 0% of its portfolio in Hometrust Bancshares Inc (NASDAQ:HTBI) for 215 shares.

Insider Transactions: Since November 4, 2016, the stock had 1 buy, and 0 sales for $20,045 net activity. JAMES ROBERT E. bought $20,045 worth of stock.

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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