HomeStreet Inc. (HMST) Reaches New 52-Week High at $25.73
HomeStreet Inc. (NASDAQ:HMST) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.73 and last traded at $25.67, with a volume of 51,642 shares. The stock had previously closed at $25.12.
A number of brokerages have recently weighed in on HMST. Zacks Investment Research upgraded HomeStreet from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective for the company in a research report on Thursday, July 28th. FBR & Co restated a “buy” rating and set a $29.00 price objective on shares of HomeStreet in a research report on Wednesday, July 27th.
The firm’s 50-day moving average price is $23.04 and its 200 day moving average price is $21.18. The stock has a market capitalization of $646.97 million and a PE ratio of 13.02.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.22. During the same quarter in the previous year, the business earned $0.65 EPS. Equities research analysts forecast that HomeStreet Inc. will post $2.27 EPS for the current year.
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. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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