HomeStreet (HMST) Stock Price, News & Analysis

Company Overview

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. Its loan products include commercial real estate (CRE), multifamily, construction and land development, owner occupied CRE and commercial business loans; and single family, home equity, and other loans. In addition, the company offers online, mobile, and telephone banking. It serves small and medium sized businesses, real estate investors, professional firms, and individuals. The company operates through branches and ATMs. The company was formerly known as Continental Mortgage and Loan Company. HomeStreet, Inc. was incorporated in 1921 and is headquartered in Seattle, Washington.

Key Stats

• Today's Range: $10.74 to $11.45
• 50-Day Range: $9.06 to $15.47
• 52-Week Range: $8.09 to $16.10
• Volume: 330,477 shs
• Average Volume: 195,826 shs
• Market Capitalization: $205.55 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $14.33
• Consensus Rating: Hold

HomeStreet Stock Analysis - MarketRank™

HomeStreet scored higher than 65% of companies evaluated by MarketBeat, and ranked 471st out of 935 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

HomeStreet has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

HomeStreet has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for HomeStreet are expected to grow in the coming year, from ($1.08) to $0.03 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of HomeStreet is -8.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of HomeStreet is -8.38, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

HomeStreet has a P/B Ratio of 0.38. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.92% of the float of HomeStreet has been sold short.

Short Interest Ratio / Days to Cover

HomeStreet has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in HomeStreet has recently increased by 24.20%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

HomeStreet does not currently pay a dividend.

Dividend Growth

HomeStreet does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, HomeStreet will have a dividend payout ratio of 1,333.33% in the coming year. This indicates that HomeStreet may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

2.92% of the float of HomeStreet has been sold short.

Short Interest Ratio / Days to Cover

HomeStreet has a short interest ratio ("days to cover") of 3.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in HomeStreet has recently increased by 24.20%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 1.02

News Sentiment

HomeStreet has a news sentiment score of 1.02. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.77 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 9 news articles for HomeStreet this week, compared to 2 articles on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, HomeStreet insiders have sold 147.05% more of their company's stock than they have bought. Specifically, they have bought $82,451.00 in company stock and sold $203,697.00 in company stock.

Percentage Held by Insiders

Only 4.60% of the stock of HomeStreet is held by insiders.

Percentage Held by Institutions

74.71% of the stock of HomeStreet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HMST Stock Analysis - Frequently Asked Questions

How have HMST shares performed this year?

HomeStreet's stock was trading at $10.30 at the beginning of 2024. Since then, HMST shares have increased by 5.8% and is now trading at $10.90.
View the best growth stocks for 2024 here.

How were HomeStreet's earnings last quarter?

HomeStreet, Inc. (NASDAQ:HMST) posted its quarterly 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. The financial services provider had revenue of $114.35 million for the quarter, compared to the consensus estimate of $43.33 million. HomeStreet had a negative net margin of 5.44% and a negative trailing twelve-month return on equity of 3.40%.

Who are HomeStreet's major shareholders?

HomeStreet's top institutional investors include Philadelphia Financial Management of San Francisco LLC (8.28%), Wellington Management Group LLP (3.56%), Geode Capital Management LLC (2.26%) and State Street Corp (2.24%). Insiders that own company stock include Mark Robert Patterson, Godfrey B Evans, John Michel, Scott M Boggs, Joanne R Harrell, Paulette Lemon, Troy Harper, Erik D Hand, Sidney Craig Tompkins, Amen Darrell Van, Mark K Mason, David L Parr and Jay C Iseman.
View institutional ownership trends.

How do I buy shares of HomeStreet?

Shares of HMST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of HomeStreet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that HomeStreet investors own include Waste Connections (WCN), DiamondRock Hospitality (DRH), American Water Works (AWK), AUO (AUOTY), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 7/29/2024
• Today: 12/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Thrifts & Mortgage Finance
• Current Symbol: NASDAQ:HMST
• CUSIP: 43785V10
• CIK: 1518715
• Web: www.homestreet.com
• Phone: (206) 623-3050
• Fax: 800-654-1075
• Employees: 849
• Year Founded: 1921

Price Target and Rating

• Average Stock Price Target: $14.33
• High Stock Price Target: $15.00
• Low Stock Price Target: $13.50
• Potential Upside/Downside: +31.5%
• Consensus Rating: Hold
• Rating Score (0-4): 2.33
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.30)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-27,510,000.00
• Net Margins: -5.44%
• Pretax Margin: -7.13%
• Return on Equity: -3.40%
• Return on Assets: -0.19%

Debt

• Debt-to-Equity Ratio: 3.94
• Current Ratio: 1.15
• Quick Ratio: 1.15

Sales & Book Value

• Annual Sales: $139.80 million
• Price / Sales: 1.47
• Cash Flow: $2.99 per share
• Price / Cash Flow: 3.64
• Book Value: $28.62 per share
• Price / Book: 0.38

Miscellaneous

• Outstanding Shares: 18,858,000
• Free Float: 17,991,000
• Market Cap: $205.55 million
• Optionable: Optionable
• Beta: 1.49