HomeStreet (NASDAQ:HMST) is scheduled to be announcing its earnings results after the market closes on Monday, July 22nd. Analysts expect the company to announce earnings of $0.53 per share for the quarter.
HomeStreet (NASDAQ:HMST) last released its earnings results on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The business had revenue of $55.65 million during the quarter, compared to the consensus estimate of $102.33 million. HomeStreet had a net margin of 7.02% and a return on equity of 5.87%. During the same period last year, the business posted $0.21 EPS. On average, analysts expect HomeStreet to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
HomeStreet stock opened at $27.79 on Friday. The company has a market capitalization of $749.44 million, a P/E ratio of 18.78, a P/E/G ratio of 2.17 and a beta of 0.67. HomeStreet has a 1-year low of $20.50 and a 1-year high of $31.96. The company has a fifty day simple moving average of $29.68. The company has a current ratio of 1.03, a quick ratio of 1.02 and a debt-to-equity ratio of 0.97.
In related news, EVP Amen Darrell Van bought 2,000 shares of the business’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of $30.75 per share, for a total transaction of $61,500.00. Following the purchase, the executive vice president now owns 38,858 shares in the company, valued at approximately $1,194,883.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sandra A. Cavanaugh bought 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were bought at an average price of $28.67 per share, with a total value of $143,350.00. Following the purchase, the director now owns 6,107 shares in the company, valued at approximately $175,087.69. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 9,000 shares of company stock valued at $261,590. 1.64% of the stock is currently owned by corporate insiders.
HMST has been the subject of a number of analyst reports. Zacks Investment Research raised shares of HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research report on Thursday, June 6th. DA Davidson initiated coverage on shares of Business First Bancshares in a research report on Wednesday, July 10th. They issued a “neutral” rating and a $28.00 price objective for the company. FIG Partners reissued a “market-perform” rating on shares of Berkshire Hills Bancorp in a research report on Wednesday, May 1st. Sandler O’Neill raised shares of HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Friday, April 5th. Finally, ValuEngine downgraded shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.88.
HomeStreet Company Profile
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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