Home Federal Bancorp Upgraded to Buy at DA Davidson (HOME)
Home Federal Bancorp (NASDAQ:HOME) was upgraded by equities researchers at DA Davidson from a “neutral” rating to a “buy” rating in a research report issued on Friday, TheFlyOnTheWall.com reports.
The analysts wrote, “HOME has retrenched nearly 9% YTD, vastly underperforming the Davidson Bank Index which has risen 28% in 2013. Additionally, the stock is down 17% from mid-July highs. Home is currently trading at the lowest TBV multiple in the D.A. Davidson bank universe at 1.03x, compared to micro-cap peers trading at an average of 1.30x TBV. Given this multiple, and Home’s good margins and stable credit quality, we see limited downside risk to the current share price.”
Home Federal Bancorp (NASDAQ:HOME) traded up 1.92% on Friday, hitting $12.20. 8,917 shares of the company’s stock traded hands. Home Federal Bancorp has a 52 week low of $10.26 and a 52 week high of $14.81. The stock’s 50-day moving average is $13.58 and its 200-day moving average is $12.74. The company has a market cap of $167.1 million and a price-to-earnings ratio of 122.14.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.01%. The ex-dividend date is Thursday, August 29th.
Home Federal Bancorp, Inc is a holding company for Home Federal Bank (NASDAQ:HOME).
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