HomeStreet Inc. (HMST) Sees Large Volume Increase
Shares of HomeStreet Inc. (NASDAQ:HMST) saw an uptick in trading volume on Friday . 196,138 shares traded hands during trading, an increase of 0% from the previous session’s volume of 195,220 shares.The stock last traded at $25.00 and had previously closed at $25.20.
Several research firms have issued reports on HMST. Zacks Investment Research cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. FBR & Co restated a “buy” rating and set a $29.00 target price on shares of HomeStreet in a research note on Wednesday, July 27th.
The company has a market cap of $619.41 million and a price-to-earnings ratio of 12.46. The stock’s 50-day moving average is $22.61 and its 200-day moving average is $21.02.
HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, July 25th. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.22. During the same period in the prior year, the company earned $0.65 EPS. On average, equities analysts forecast that HomeStreet Inc. will post $2.27 earnings per share for the current fiscal year.
In other news, Director Richard W. H. Bennion sold 5,334 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $20.42, for a total transaction of $108,920.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
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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