HomeTrust Bancshares rises after KBW upgrades to 'outperform'

HomeTrust Bancshares

21/02/2024 19:17

** Shares of lender HomeTrust Bancshares  HTBI.O  rise 1.7%
to $26.10
    ** KBW upgrades HTBI to "outperform" from "market perform";
maintains PT of $32, a 24.7% upside to the last close
    ** Brokerage says the management team has done a great job
transitioning the company towards a profitable, growing
commercially focused bank away from its mutual bank roots
    ** KBW believes HTBI longer term could be an attractive
target for larger banks looking for more exposure in the
lender's southeast markets, including the Carolinas, Virginia,
Tennessee and Georgia
    ** Brokerage believes HTBI's valuation is too cheap 
    ** Stock gained 11.4% in 2023

 (Reporting by Arasu Kannagi Basil in Bengaluru)
 ((ArasuKannagi.Basil@thomsonreuters.com;))