HomeTrust downgraded to Market Perform on headwinds at Raymond James
The Fly

HomeTrust downgraded to Market Perform on headwinds at Raymond James

Raymond James downgraded HomeTrust (HTBI) to Market Perform from Outperform without a price target post the Q3 report. The company’s loan growth was “subdued” while credit metrics remained elevated, the analyst tells investors in a research note. The firm says that with rate cuts pressuring loan yields and lacking a meaningful offset to net interest income headwinds, HomeTrust’s revenue headwinds “will be apparent for the next several quarters.”

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