Shares of HomeStreet Inc (NASDAQ:HMST) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $29.08.
A number of brokerages have recently commented on HMST. B. Riley reaffirmed a “neutral” rating on shares of HomeStreet in a research report on Wednesday, November 1st. BidaskClub downgraded HomeStreet from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. ValuEngine raised HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. FBR & Co reiterated a “hold” rating and issued a $30.00 target price on shares of HomeStreet in a report on Wednesday, October 25th. Finally, Zacks Investment Research cut HomeStreet from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th.
A number of institutional investors have recently modified their holdings of HMST. SG Americas Securities LLC acquired a new position in HomeStreet in the second quarter valued at $117,000. First Interstate Bank boosted its holdings in HomeStreet by 42.8% in the second quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock valued at $155,000 after acquiring an additional 1,675 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new position in HomeStreet in the third quarter valued at $233,000. BNP Paribas Arbitrage SA boosted its holdings in HomeStreet by 90.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 4,040 shares during the last quarter. Finally, LMR Partners LLP acquired a new position in HomeStreet in the third quarter valued at $242,000. Hedge funds and other institutional investors own 85.30% of the company’s stock.
Shares of HomeStreet (NASDAQ:HMST) opened at $29.60 on Friday. The company has a market capitalization of $782.34, a price-to-earnings ratio of 19.93, a PEG ratio of 1.76 and a beta of 0.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.87 and a quick ratio of 0.73. HomeStreet has a 1 year low of $24.00 and a 1 year high of $33.00.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. The business had revenue of $134.72 million during the quarter, compared to the consensus estimate of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same quarter in the previous year, the business earned $1.12 earnings per share. analysts expect that HomeStreet will post 1.66 EPS for the current year.
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HomeStreet Company Profile
HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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