HomeStreet (NASDAQ:HMST – Get 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:HMST – Get 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
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.
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.
- Get a free copy of the StockNews.com research report on HomeStreet (HMST)
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