Raymond James cuts HomeTrust Bancshares to 'market perform' on revenue headwinds

HomeTrust Bancshares

28/10/2024 15:34

** Raymond James downgrades community lender HomeTrust
Bancshares  HTBI.O  to "market perform" from "outperform" 
    ** Brokerage says with rate cuts pressuring loan yields and
a lack of meaningful offset to net interest income headwinds,
revenue headwinds will be apparent for the next several quarters
    ** Says growth expectations are muted, with loan balances
expected to remain mostly stable in the near-term
    ** Raymond James remains bullish long-term due to improving
profitability relative to historical levels, but says current
headwinds limit near-term upside for shares
    ** Three of four brokerages rate stock "buy" or higher and
one "hold"; median PT is $42 - LSEG data
    ** As of last close, HTBI shares up 22.8% YTD

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