Wall Street brokerages expect HomeStreet Inc (NASDAQ:HMST) to announce earnings of $0.41 per share for the current quarter, according to Zacks. Two analysts have made estimates for HomeStreet’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.47. HomeStreet reported earnings of $0.36 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 13.9%. The firm is expected to report its next earnings report on Tuesday, January 28th.
On average, analysts expect that HomeStreet will report full-year earnings of $1.52 per share for the current financial year. For the next financial year, analysts expect that the company will post earnings of $2.31 per share, with EPS estimates ranging from $2.00 to $2.75. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover HomeStreet.
HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.21. The company had revenue of $71.71 million during the quarter, compared to the consensus estimate of $67.04 million. HomeStreet had a return on equity of 4.88% and a net margin of 5.66%. During the same period last year, the business posted $0.45 earnings per share.
A number of brokerages recently commented on HMST. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. TheStreet raised HomeStreet from a “c+” rating to a “b” rating in a research report on Thursday, November 7th. Zacks Investment Research raised HomeStreet from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday. ValuEngine downgraded HomeStreet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $38.00 price target on shares of HomeStreet in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $33.25.
In other HomeStreet news, Director Victor H. Indiek sold 3,272 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $31.28, for a total value of $102,348.16. Following the completion of the sale, the director now directly owns 5,693 shares of the company’s stock, valued at $178,077.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.64% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC increased its position in HomeStreet by 30.5% in the second quarter. Acadian Asset Management LLC now owns 144,623 shares of the financial services provider’s stock worth $4,287,000 after buying an additional 33,762 shares during the last quarter. State of Tennessee Treasury Department increased its position in HomeStreet by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 11,776 shares of the financial services provider’s stock worth $322,000 after buying an additional 926 shares during the last quarter. Boston Partners increased its position in HomeStreet by 13.4% in the second quarter. Boston Partners now owns 1,149,315 shares of the financial services provider’s stock worth $34,066,000 after buying an additional 135,999 shares during the last quarter. Congress Asset Management Co. MA increased its position in HomeStreet by 51.5% in the third quarter. Congress Asset Management Co. MA now owns 139,280 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 47,330 shares during the last quarter. Finally, Barclays PLC increased its position in HomeStreet by 7.6% in the third quarter. Barclays PLC now owns 47,050 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 3,320 shares during the last quarter. 82.65% of the stock is owned by institutional investors and hedge funds.
Shares of HMST traded up $0.01 on Friday, reaching $33.36. 147,457 shares of the company’s stock traded hands, compared to its average volume of 139,860. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.19. The stock has a market cap of $814.09 million, a PE ratio of 22.54 and a beta of 0.71. The stock’s 50 day simple moving average is $31.54 and its two-hundred day simple moving average is $29.02. HomeStreet has a 52-week low of $20.50 and a 52-week high of $35.44.
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
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