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

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

Shares of NASDAQ HMTA opened at $13.50 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.37. HomeTown Bankshares has a 52 week low of $10.90 and a 52 week high of $16.50. The firm has a market capitalization of $81.16 million, a P/E ratio of 20.25 and a beta of -0.50.

HomeTown Bankshares (NASDAQ:HMTA) last released its earnings results on Wednesday, October 31st. The financial services provider reported $0.23 earnings per share (EPS) for the quarter. HomeTown Bankshares had a return on equity of 7.66% and a net margin of 15.10%. The firm had revenue of $5.53 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, November 14th.

Institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors grew its position in HomeTown Bankshares by 77.2% in the third quarter. Captrust Financial Advisors now owns 8,860 shares of the financial services provider’s stock valued at $119,000 after acquiring an additional 3,860 shares during the last quarter. Macnealy Hoover Investment Management Inc. bought a new position in HomeTown Bankshares in the third quarter valued at about $186,000. InterOcean Capital LLC grew its position in HomeTown Bankshares by 188.8% in the second quarter. InterOcean Capital LLC now owns 46,320 shares of the financial services provider’s stock valued at $651,000 after acquiring an additional 30,280 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in HomeTown Bankshares by 12.4% in the third quarter. Alliancebernstein L.P. now owns 56,251 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 6,226 shares during the last quarter. Hedge funds and other institutional investors own 36.42% of the company’s stock.

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.

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