Monday, April 18, 2011

Heritage Financial Group Inc (NASDAQ: HBOS) Q2 2011 Price Target

Recent price: 12.22$
P/E Ratio: -
3 Months Target Price: 14$

Company Description
Based on information provided by Reuters, Heritage Financial Group serves as the bank holding company for HeritageBank of the South. The principal business of the Bank consists of attracting retail and commercial deposits from the general public and investing those funds primarily in permanent loans secured by first mortgages on owner-occupied, one- to four-family residences, multi-family residences and commercial property and a variety of consumer and commercial business loans. The Bank offers a variety of deposit accounts having a range of interest rates and terms, which include savings accounts, money market deposit and term certificate accounts, and checking accounts.

Confidence Margins
Strong resistance $15.00 (+23%)
Light resistance $13.52 (+11%)
Light support $12.04 (-1%)
Strong support $11.15 (-9%)

Heritage Financial Group Inc is currently being abandoned by investors as it is showing signs of prolonged financial uncertainty. Current price levels provide patient investors with the opportunity of acquiring shares in Heritage Financial Group.

Entry strategy
For the cautious investor:
Buy the stock for 12.50$ or less.

For the risk-taking trader:
As the company has no publicly traded options, the best way to take advantage of this trade is to use leverage to increase the profit potential of the company.

Exit Strategy
For the cautious investor:
Sell when the stock reaches 14$, or keep it until 15$ if you are more bullish in your own analysis. It is highly recommended to keep the position on check if it goes sour, it is trading close to it's light support.

For the risk-taking trader:
Same as for the cautious investor.

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