Piper Sandler upgraded HomeTrust Bancshares to Overweight from Neutral with a price target of $32, up from $27. The analyst increased estimates to reflect the Quantum Capital acquisition and says the HomeTrust narrative has evolved over many years from a legacy thrift to a commercial institution. The Quantum deal helps to drive HomeTrust’s core profitability structurally higher, the analyst tells investors in a research note.
Published first on TheFly
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