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 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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: