Stock price when the opinion was issued
Acquired Home Federal Bankcorp. Based in Idaho and Oregon. 28 branches has now been increased to 40 branches. Financials have gotten better and better. Insiders own about 39%. The one big negative is that in 2010 they had 2.8 million shares, but now have about 45 million shares, making it harder for them to pay a big dividend. He has a target of $15.24.
(A Top Pick July 9/14. Up 3.29%.) They refinanced in 2010 and sold a lot of shares. Insiders own 58% of the stock. One of the major problems is that they have had a huge increase in the number of shares over the past number of years, so when they start to pay a dividend it won’t be too great. He still likes this and thinks it has the potential to double from here.