HomeTown Bankshares (HMTA) Lowered to “Sell” at ValuEngine

ValuEngine cut shares of HomeTown Bankshares (NASDAQ:HMTA) from a hold rating to a sell rating in a research report report published on Wednesday.

NASDAQ:HMTA opened at $14.26 on Wednesday. HomeTown Bankshares has a 1-year low of $10.90 and a 1-year high of $16.50. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $82.85 million, a P/E ratio of 20.67 and a beta of -0.50.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $0.16 dividend on an annualized basis and a yield of 1.12%.



Institutional investors and hedge funds have recently modified their holdings of the business. Captrust Financial Advisors lifted its holdings in shares of HomeTown Bankshares by 77.2% in the 3rd quarter. Captrust Financial Advisors now owns 8,860 shares of the financial services provider’s stock valued at $119,000 after buying an additional 3,860 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of HomeTown Bankshares by 12.4% in the 3rd quarter. Alliancebernstein L.P. now owns 56,251 shares of the financial services provider’s stock valued at $754,000 after buying an additional 6,226 shares during the period. Macnealy Hoover Investment Management Inc. acquired a new position in shares of HomeTown Bankshares in the 3rd quarter valued at about $186,000. Finally, InterOcean Capital LLC lifted its holdings in shares of HomeTown Bankshares by 188.8% in the 2nd quarter. InterOcean Capital LLC now owns 46,320 shares of the financial services provider’s stock valued at $651,000 after buying an additional 30,280 shares during the period. 36.42% of the stock is owned by institutional investors.

About HomeTown Bankshares

HomeTown Bankshares Corporation operates as the bank holding company for HomeTown Bank that provides retail and commercial banking products and services in the United States. It offers various deposit products, such as checking accounts, savings and time deposits, daily money market accounts, longer-term certificates of deposit, and individual retirement accounts.

Further Reading: Closed-End Mutual Funds (CEFs)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for HomeTown Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeTown Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply