Traders Are Bullish HomeTrust Bancshares, Inc. (HTBI) After The Stock Formed Multiple Top Pattern

June 17, 2018 - By Mona Holcomb

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Logo

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.53, from 1.39 in 2017Q4. It worsened, as 10 investors sold HomeTrust Bancshares, Inc. shares while 32 reduced holdings. 11 funds opened positions while 25 raised stakes. 11.17 million shares or 1.69% less from 11.36 million shares in 2017Q4 were reported.
Eidelman Virant Cap reported 7,000 shares. Jpmorgan Chase & reported 33,858 shares. 52,517 were accumulated by Federated Invsts Inc Pa. Metropolitan Life Insurance Ny owns 6,473 shares. Ameriprise Financial holds 14,459 shares or 0% of its portfolio. Missouri-based Kennedy Mgmt has invested 0.16% in HomeTrust Bancshares, Inc. (NASDAQ:HTBI). California Public Employees Retirement System invested in 0% or 18,539 shares. Cap Advsrs Ok accumulated 0.02% or 10,300 shares. Goldman Sachs Inc holds 8,959 shares. State Street Corporation accumulated 374,021 shares or 0% of the stock. 30,458 are owned by Parametric Port Associate Lc. Geode Cap Limited Co reported 0% stake. Strs Ohio invested in 0% or 27,400 shares. Morgan Stanley holds 49,919 shares. Voya Mgmt reported 13,289 shares or 0% of all its holdings.

Since March 13, 2018, it had 0 insider buys, and 1 sale for $165,278 activity.

The stock of HomeTrust Bancshares, Inc. (HTBI) shows a multiple tops pattern with $28.76 target or 4.00 % above today’s $27.65 share price. The 6 months chart pattern indicates low risk for the $522.63M company. It was reported on Jun, 17 by Finviz.com. If the $28.76 price target is reached, the company will be worth $20.91M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.91% or $0.25 during the last trading session, reaching $27.65. About 44,206 shares traded or 73.50% up from the average. HomeTrust Bancshares, Inc. (NASDAQ:HTBI) has risen 7.58% since June 17, 2017 and is uptrending. It has underperformed by 4.99% the S&P500.

Analysts await HomeTrust Bancshares, Inc. (NASDAQ:HTBI) to report earnings on July, 25. They expect $0.34 EPS, up 36.00 % or $0.09 from last year’s $0.25 per share. HTBI’s profit will be $6.43M for 20.33 P/E if the $0.34 EPS becomes a reality. After $0.34 actual EPS reported by HomeTrust Bancshares, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Ratings Coverage

Among 2 analysts covering Hometrust Bancshares (NASDAQ:HTBI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Hometrust Bancshares has $29.0 highest and $28.0 lowest target. $28.50’s average target is 3.07% above currents $27.65 stock price. Hometrust Bancshares had 2 analyst reports since December 21, 2017 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. As per Thursday, January 4, the company rating was maintained by Sandler O’Neill.

Another recent and important HomeTrust Bancshares, Inc. (NASDAQ:HTBI) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for HomeTrust Bancshares, CubeSmart, ONE Gas, The Carlyle Group, Adesto …” on May 30, 2018.

HomeTrust Bancshares, Inc. operates as the bank holding firm for HomeTrust Bank that provides a range of retail and commercial banking products. The company has market cap of $522.63 million. The Company’s deposit products consist of savings, money market, and demand accounts, as well as certificates of deposit for individuals, businesses, and nonprofit organizations. It has a 88.34 P/E ratio. The company's loan portfolio comprises retail consumer loans, such as one-to-four-family residential property lending, home equity lines of credit, construction and land/lots, indirect auto finance, and consumer lending; and commercial loans, including commercial real estate lending, construction and development lending, and commercial and industrial loans.

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Institutional Positions Chart

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