HomeStreet (HMST) Set to Announce Earnings on Friday

HomeStreet (NASDAQ:HMSTGet Rating) is scheduled to release its earnings data after the market closes on Friday, January 27th. Analysts expect HomeStreet to post earnings of $0.77 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

HomeStreet (NASDAQ:HMSTGet Rating) last released its quarterly earnings results on Monday, October 24th. The financial services provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $72.07 million for the quarter, compared to analyst estimates of $75.57 million. HomeStreet had a net margin of 25.58% and a return on equity of 14.28%. During the same period in the previous year, the business earned $1.31 earnings per share. On average, analysts expect HomeStreet to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

HomeStreet Price Performance

Shares of HomeStreet stock opened at $29.39 on Wednesday. HomeStreet has a 1-year low of $22.44 and a 1-year high of $52.95. The firm’s 50-day moving average price is $27.33 and its two-hundred day moving average price is $30.76. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.24. The stock has a market capitalization of $550.27 million, a price-to-earnings ratio of 6.59 and a beta of 0.99.

HomeStreet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 7th. This represents a $1.40 dividend on an annualized basis and a yield of 4.76%. HomeStreet’s dividend payout ratio (DPR) is presently 31.39%.

Wall Street Analysts Forecast Growth

HMST has been the topic of a number of recent analyst reports. Piper Sandler reduced their price objective on HomeStreet to $26.00 in a research note on Tuesday, November 1st. StockNews.com assumed coverage on shares of HomeStreet in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TheStreet lowered shares of HomeStreet from a “b-” rating to a “c+” rating in a research report on Monday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $37.25.

Institutional Trading of HomeStreet

Hedge funds have recently modified their holdings of the company. Lido Advisors LLC acquired a new stake in HomeStreet in the first quarter worth $339,000. Dynamic Technology Lab Private Ltd acquired a new stake in HomeStreet during the 1st quarter worth $320,000. Captrust Financial Advisors lifted its holdings in HomeStreet by 52.0% during the first quarter. Captrust Financial Advisors now owns 2,573 shares of the financial services provider’s stock worth $122,000 after acquiring an additional 880 shares in the last quarter. State Street Corp grew its stake in HomeStreet by 28.3% in the first quarter. State Street Corp now owns 1,092,200 shares of the financial services provider’s stock valued at $51,748,000 after acquiring an additional 240,973 shares during the period. Finally, Hsbc Holdings PLC increased its holdings in shares of HomeStreet by 836.4% in the first quarter. Hsbc Holdings PLC now owns 67,499 shares of the financial services provider’s stock worth $3,208,000 after acquiring an additional 60,291 shares in the last quarter. 83.93% of the stock is currently owned by institutional investors and hedge funds.

About HomeStreet

(Get Rating)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services.

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Earnings History for HomeStreet (NASDAQ:HMST)

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