Could Hamilton Bancorp, Inc. (HBK) Recover After Forming a Bearish Double Bottom?

May 17, 2018 - By Joseph Arnett

Hamilton Bancorp, Inc. (NASDAQ:HBK) Logo

Investors sentiment increased to Infinity in 2017 Q4. 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.
Morgan Stanley stated it has 1 shares or 0% of all its holdings. Royal Bank & Trust Of Canada owns 1 shares for 0% of their portfolio. Moreover, Brown Advisory Secs Limited Company has 0.03% invested in Hamilton Bancorp, Inc. (NASDAQ:HBK) for 10,000 shares. California-based Wells Fargo And Com Mn has invested 0% in Hamilton Bancorp, Inc. (NASDAQ:HBK). Maltese Management Ltd holds 140,882 shares or 0.16% of its portfolio. Firefly Value Prtnrs L P owns 98,924 shares. Tower Ltd Liability Com (Trc) has invested 0% in Hamilton Bancorp, Inc. (NASDAQ:HBK). Blackrock reported 1,318 shares. Arbiter Ptnrs Cap Mngmt Lc stated it has 0.02% of its portfolio in Hamilton Bancorp, Inc. (NASDAQ:HBK). Bank & Trust Of America Corporation De reported 0% stake. Ejf Ltd Limited Liability Company stated it has 325,000 shares or 0.4% of all its holdings.

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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