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Stock Market & Financial Investment News

News Breaks
November 16, 2012
05:43 EDTHTSHatteras Financial upgraded to Outperform from Market Perform at Wells Fargo
Wells Fargo upgraded names in the Mortgage REIT sector citing the recent pullback in shares.
News For HTS From The Last 14 Days
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July 21, 2015
16:27 EDTHTSHatteras Financial reports Q2 EPS 50c vs 56c in prior quarter
Net interest margin for the quarter ended June 30, was $53.9M, compared to $59.8M for the quarter ended March 31, 2015. The Company’s net interest spread decreased to 1.21% for the second quarter of 2015 compared to 1.32% for the first quarter, driven by lower portfolio yield. The yield on the Company’s mortgage-backed securities decreased to 1.84% in the second quarter compared to 2.03% in the first quarter due to a decrease in average gross coupon and an increase in MBS prepayments resulting in higher premium amortization expense. Effective net interest margin, which includes certain adjustments related to derivatives as well as TBA dollar roll income, was $61.8M for the second quarter of 2015 as compared to $67.5M for the first quarter. Average portfolio yield including TBA dollar roll income was 1.94% in the current quarter, down from 2.08% in the first quarter.

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