Somewhat Favorable Press Coverage Somewhat Unlikely to Affect HomeStreet (NASDAQ:HMST) Stock Price
Media coverage about HomeStreet (NASDAQ:HMST) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HomeStreet earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 46.3715875923784 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of HomeStreet (HMST) traded down 1.39% on Friday, reaching $24.90. 173,247 shares of the company traded hands. The stock has a market capitalization of $669.41 million, a price-to-earnings ratio of 12.94 and a beta of 0.05. HomeStreet has a 1-year low of $22.85 and a 1-year high of $33.70. The company has a 50-day moving average of $26.94 and a 200-day moving average of $26.97.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.18. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. The firm had revenue of $127.88 million for the quarter, compared to analysts’ expectations of $143.41 million. During the same period last year, the firm earned $0.90 earnings per share. Analysts anticipate that HomeStreet will post $1.56 earnings per share for the current fiscal year.
Several brokerages recently weighed in on HMST. Zacks Investment Research downgraded shares of HomeStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. BidaskClub raised shares of HomeStreet from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a report on Friday, June 2nd. ValuEngine downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. Finally, FIG Partners reaffirmed a “market perform” rating and issued a $26.25 target price (down previously from $29.25) on shares of HomeStreet in a report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.45.
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In other news, EVP William Endresen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $27.38, for a total value of $27,380.00. Following the sale, the executive vice president now directly owns 1,170 shares of the company’s stock, valued at approximately $32,034.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 7.59% of the stock is currently owned by insiders.
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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