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.”