Wall Street Zen Downgrades HYNE (NASDAQ:HYNE) to Sell

HYNE (NASDAQ:HYNE) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Monday.

Separately, Weiss Ratings started coverage on shares of HYNE in a report on Tuesday, March 3rd. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, HYNE presently has a consensus rating of “Sell”.

HYNE Price Performance

NASDAQ:HYNE opened at $15.00 on Monday. The firm’s fifty day moving average price is $14.47. HYNE has a 52 week low of $13.35 and a 52 week high of $15.00.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. FJ Capital Management LLC purchased a new position in HYNE during the 4th quarter valued at $3,782,000. Mangrove Partners IM LLC purchased a new position in HYNE during the 4th quarter valued at $1,368,000. Peapod Lane Capital LLC purchased a new position in HYNE during the 4th quarter valued at $1,021,000. Gamco Investors INC. ET AL purchased a new stake in shares of HYNE in the 4th quarter worth about $932,000. Finally, XTX Topco Ltd purchased a new stake in shares of HYNE in the 4th quarter worth about $564,000.

About HYNE

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.