HomeStreet, Inc. (HMST) Given Consensus Recommendation of “Hold” by Analysts
Shares of HomeStreet, Inc. (NASDAQ:HMST) have been assigned a consensus recommendation of “Hold” from the seven research firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $29.08.
HMST has been the topic of several analyst reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a report on Friday, July 14th. Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a report on Thursday, June 29th. ValuEngine lowered shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub raised shares of HomeStreet from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. 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.
HomeStreet (HMST) opened at 26.05 on Wednesday. The stock has a 50 day moving average of $25.43 and a 200 day moving average of $26.74. HomeStreet has a 12-month low of $24.00 and a 12-month high of $33.70. The firm has a market capitalization of $700.33 million, a price-to-earnings ratio of 13.54 and a beta of 0.07.
HomeStreet (NASDAQ:HMST) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 during the quarter, compared to the consensus estimate of $143.41 million. During the same period in the previous year, the company posted $0.90 EPS. Equities research analysts anticipate that HomeStreet will post $1.56 earnings per share for the current year.
Large investors have recently modified their holdings of the business. First Interstate Bank grew its holdings in HomeStreet by 80.4% during the 1st quarter. First Interstate Bank now owns 3,915 shares of the financial services provider’s stock worth $109,000 after acquiring an additional 1,745 shares during the last quarter. SG Americas Securities LLC bought a new stake in HomeStreet during the 2nd quarter worth about $117,000. State of Alaska Department of Revenue grew its holdings in HomeStreet by 90.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 2,531 shares during the last quarter. Mason Street Advisors LLC grew its holdings in HomeStreet by 15.5% during the 1st quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock worth $165,000 after acquiring an additional 789 shares during the last quarter. Finally, Airain ltd bought a new stake in HomeStreet during the 1st quarter worth about $211,000. 83.91% of the stock is currently owned by hedge funds and other institutional investors.
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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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