HomeStreet, Inc. (NASDAQ:HMST - Free Report) - Analysts at Wedbush decreased their FY2024 earnings per share estimates for shares of HomeStreet in a research report issued on Wednesday, October 30th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings per share of ($1.05) for the year, down from their previous forecast of ($0.70). The consensus estimate for HomeStreet's current full-year earnings is ($0.87) per share. Wedbush also issued estimates for HomeStreet's Q4 2024 earnings at ($0.21) EPS, Q1 2025 earnings at ($0.11) EPS, Q2 2025 earnings at ($0.01) EPS, FY2025 earnings at $0.10 EPS and FY2026 earnings at $0.90 EPS.
Other equities analysts have also recently issued reports about the company. Janney Montgomery Scott cut HomeStreet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Keefe, Bruyette & Woods lifted their price target on HomeStreet from $13.50 to $14.50 and gave the company a "market perform" rating in a research report on Tuesday, July 30th. Finally, StockNews.com began coverage on HomeStreet in a research report on Sunday, September 22nd. They set a "sell" rating on the stock. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, HomeStreet presently has a consensus rating of "Hold" and an average target price of $12.25.
View Our Latest Analysis on HMST
HomeStreet Price Performance
Shares of HMST stock traded up $0.01 during mid-day trading on Friday, hitting $9.07. 275,105 shares of the stock traded hands, compared to its average volume of 195,771. HomeStreet has a twelve month low of $4.89 and a twelve month high of $16.10. The firm has a market cap of $171.06 million, a price-to-earnings ratio of -6.98 and a beta of 1.37. The company's 50-day simple moving average is $14.85 and its 200-day simple moving average is $12.80. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.14 and a current ratio of 1.14.
HomeStreet (NASDAQ:HMST - Get Free Report) last posted its earnings results on Monday, July 29th. The financial services provider reported ($0.23) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.01. HomeStreet had a negative return on equity of 3.42% and a negative net margin of 5.44%. The firm had revenue of $114.35 million for the quarter, compared to analysts' expectations of $43.33 million.
Institutional Trading of HomeStreet
Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP boosted its position in shares of HomeStreet by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider's stock worth $7,299,000 after buying an additional 28,874 shares during the period. Mendon Capital Advisors Corp boosted its position in shares of HomeStreet by 21.0% in the second quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider's stock worth $4,138,000 after buying an additional 63,000 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in shares of HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock worth $164,000 after buying an additional 2,703 shares during the period. Bank of New York Mellon Corp boosted its position in shares of HomeStreet by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider's stock worth $809,000 after buying an additional 3,113 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in HomeStreet by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider's stock valued at $218,000 after purchasing an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company's stock.
Insider Transactions at HomeStreet
In other news, Director Paulette Lemon sold 2,401 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $15.59, for a total transaction of $37,431.59. Following the completion of the sale, the director now directly owns 16,923 shares of the company's stock, valued at $263,829.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 4.60% of the company's stock.
About HomeStreet
(
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HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.
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