HYNE’s (NASDAQ:HYNE – Get Free Report) lock-up period will end on Tuesday, June 2nd. HYNE had issued 7,935,000 shares in its public offering on December 4th. The total size of the offering was $79,350,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.
Wall Street Analysts Forecast Growth
HYNE has been the subject of several analyst reports. Wall Street Zen lowered shares of HYNE from a “hold” rating to a “sell” rating in a report on Monday, April 6th. Weiss Ratings began coverage on shares of HYNE in a research note on Tuesday, March 3rd. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
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HYNE Price Performance
HYNE (NASDAQ:HYNE – Get Free Report) last released its earnings results on Tuesday, May 12th. The company reported ($0.02) EPS for the quarter. The company had revenue of $4.48 million during the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. XTX Topco Ltd bought a new position in HYNE during the fourth quarter worth $564,000. Raffles Associates LP bought a new stake in HYNE in the fourth quarter valued at $346,000. Mangrove Partners IM LLC acquired a new position in shares of HYNE during the fourth quarter valued at about $1,368,000. FJ Capital Management LLC acquired a new position in shares of HYNE during the fourth quarter valued at about $3,782,000. Finally, Marshall Wace LLP bought a new position in shares of HYNE during the 4th quarter worth about $531,000.
HYNE Company Profile
Hoyne Bancorp Inc focuses on operating as the bank holding company for Hoyne Savings Bank which provides various financial products and services. Hoyne Bancorp Inc is based in Chicago, Illinois.
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