Keefe Bruyette Has Market Perform Rating On Home Federal Bancorp (HOME)

Keefe Bruyette & Woods has a Market Perform rating and $13 price target on shares of Home Federal Bancorp HOME after the bank holding company announced an agreement with the FDIC to take over the assets of LibertyBank back in July. In a research report to investors Keefe Bruyette & Woods says, "On Friday, July 30, Home Federal Bancorp announced that its subsidiary, Home Federal Bank, entered into an agreement with the FDIC to assume the deposits and a portion of the assets of LibertyBank, formerly headquartered in Eugene, Oregon. We believe this is an advantageous deal for Home Federal as it increases the company’s balance sheet by approximately 80%, with total deposits growing by approximately 120%. Estimate changes." Shares of Home Federal Bancorp, Inc. closed at $12.57 yesterday.