What is Wedbush's Estimate for HomeStreet Q1 Earnings?

HomeStreet, Inc. (NASDAQ:HMST - Free Report) - Equities research analysts at Wedbush lifted their Q1 2025 earnings estimates for shares of HomeStreet in a report released on Tuesday, November 5th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings per share of $0.01 for the quarter, up from their prior estimate of ($0.11). Wedbush currently has a "Outperform" rating and a $12.00 target price on the stock. The consensus estimate for HomeStreet's current full-year earnings is ($1.08) per share. Wedbush also issued estimates for HomeStreet's Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.50 EPS and FY2026 earnings at $1.15 EPS.

Other research 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 note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price 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 note on Sunday, September 22nd. They set a "sell" rating on the stock.

HomeStreet Price Performance

NASDAQ:HMST traded down $0.45 on Thursday, hitting $10.63. The company had a trading volume of 208,336 shares, compared to its average volume of 198,657. The firm has a 50 day moving average of $14.30 and a two-hundred day moving average of $12.71. The stock has a market capitalization of $200.48 million, a price-to-earnings ratio of -8.18 and a beta of 1.42. HomeStreet has a 52 week low of $4.90 and a 52 week high of $16.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06.

Insider Transactions at HomeStreet

In related news, Director Paulette Lemon sold 2,401 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $15.59, for a total value of $37,431.59. Following the completion of the sale, the director now directly owns 16,923 shares in the company, valued at $263,829.57. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.60% of the stock is owned by company insiders.

Institutional Trading of HomeStreet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its stake in shares of HomeStreet by 10.3% in the 1st 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. Kennedy Capital Management LLC bought a new stake in HomeStreet during the first quarter valued at $3,720,000. EMC Capital Management boosted its position in HomeStreet by 16.2% during the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock valued at $130,000 after acquiring an additional 1,201 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of HomeStreet by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider's stock worth $809,000 after acquiring an additional 3,113 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of HomeStreet by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider's stock valued at $7,299,000 after purchasing an additional 28,874 shares during the period. Institutional investors and hedge funds own 74.71% of the company's stock.

About HomeStreet

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.