Hamilton Bancorp, Inc. (HBK) Forms Bearish Double Bottom Chart Pattern; Strong Momentum for Sellers

May 17, 2018 - By Ann Prendergast

Hamilton Bancorp, Inc. (NASDAQ:HBK) Logo

Investors sentiment increased to Infinity in Q4 2017. Its up Infinity, from 1.5 in 2017Q3. It improved, as 0 investors sold Hamilton Bancorp, Inc. shares while 0 reduced holdings. 3 funds opened positions while 0 raised stakes. 1.20 million shares or 100.07% more from 600,890 shares in 2017Q3 were reported.
Maltese Capital Ltd Company has invested 0.16% in Hamilton Bancorp, Inc. (NASDAQ:HBK). Brown Advisory Ltd Liability Co holds 0.03% or 10,000 shares in its portfolio. Royal Commercial Bank Of Canada stated it has 0% of its portfolio in Hamilton Bancorp, Inc. (NASDAQ:HBK). Savings Bank Of America Corp De accumulated 2 shares or 0% of the stock. Firefly Value Prtnrs L P holds 0.1% or 98,924 shares in its portfolio. Arbiter Partners Cap Mngmt Limited Liability Corporation reported 11,960 shares stake. Blackrock reported 1,318 shares. Ejf Capital Ltd Liability stated it has 0.4% in Hamilton Bancorp, Inc. (NASDAQ:HBK). Tower Limited Liability Corporation (Trc) reported 200 shares. Morgan Stanley has invested 0% in Hamilton Bancorp, Inc. (NASDAQ:HBK). Wells Fargo & Mn holds 0% or 1,000 shares.

The chart of Hamilton Bancorp, Inc. (HBK) shows a double bottom with $13.78 target or 5.00 % below today’s $14.50 share price. The 8 months chart pattern indicates high risk for the $49.46M company. It was reported on May, 17 by Finviz.com. If the $13.78 price target is reached, the company will be worth $2.47 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.35% or $0.05 during the last trading session, reaching $14.5. About 1,829 shares traded. Hamilton Bancorp, Inc. (NASDAQ:HBK) has risen 6.23% since May 17, 2017 and is uptrending. It has underperformed by 5.32% the S&P500.

Hamilton Bancorp, Inc. operates as the holding firm for Hamilton Bank, a federally chartered savings bank that provides a range of banking services primarily to small and middle-market businesses, and middle-income individuals. The company has market cap of $49.46 million. The Company’s deposit products include certificate of deposit accounts, money market accounts, savings accounts, NOW accounts, and individual retirement accounts, as well as noninterest-bearing demand and health savings accounts. It currently has negative earnings. The company's loan products comprise one-to four-family residential mortgage loans, commercial real estate loans, commercial business loans, home equity loans and lines of credit, and construction loans; and consumer loans consisting of automobile loans and loans secured by deposits.

Hamilton Bancorp, Inc. (NASDAQ:HBK) Institutional Positions Chart

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