Wall Street analysts expect that HomeStreet Inc (NASDAQ:HMST) will report sales of $65.52 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for HomeStreet’s earnings. The highest sales estimate is $72.88 million and the lowest is $57.87 million. HomeStreet reported sales of $120.39 million in the same quarter last year, which indicates a negative year-over-year growth rate of 45.6%. The company is scheduled to report its next earnings results after the market closes on Monday, July 22nd.

On average, analysts expect that HomeStreet will report full-year sales of $252.22 million for the current year, with estimates ranging from $232.03 million to $273.02 million. For the next year, analysts anticipate that the company will post sales of $267.75 million, with estimates ranging from $248.34 million to $278.70 million. Zacks’ sales averages are an average based on a survey of research firms that cover HomeStreet.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). HomeStreet had a return on equity of 5.87% and a net margin of 7.02%. The company had revenue of $55.65 million for the quarter, compared to analysts’ expectations of $102.33 million. During the same quarter last year, the business posted $0.21 EPS.

A number of analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. FIG Partners reiterated a “market-perform” rating on shares of Berkshire Hills Bancorp in a research report on Wednesday, May 1st. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BidaskClub lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Wednesday, June 26th. Finally, Sandler O’Neill upgraded shares of HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Friday, April 5th. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $31.88.

In other news, Director Sandra A. Cavanaugh acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was bought at an average cost of $28.67 per share, for a total transaction of $143,350.00. Following the completion of the transaction, the director now owns 6,107 shares of the company’s stock, valued at $175,087.69. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Mark R. Ruh acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 10th. The stock was purchased at an average price of $28.37 per share, with a total value of $56,740.00. Following the completion of the transaction, the chief financial officer now directly owns 6,617 shares of the company’s stock, valued at approximately $187,724.29. The disclosure for this purchase can be found here. Insiders have acquired 9,000 shares of company stock valued at $261,590 in the last quarter. Company insiders own 1.64% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HMST. Cutler Group LP bought a new position in shares of HomeStreet in the first quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of HomeStreet by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,569 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 1,437 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of HomeStreet by 219.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,189 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 3,564 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in shares of HomeStreet in the fourth quarter valued at approximately $166,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in shares of HomeStreet by 358.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,930 shares of the financial services provider’s stock valued at $190,000 after acquiring an additional 6,983 shares during the period. Institutional investors own 81.63% of the company’s stock.

NASDAQ HMST traded down $0.16 during trading hours on Thursday, reaching $29.27. 4,003 shares of the company were exchanged, compared to its average volume of 170,957. HomeStreet has a 1 year low of $20.50 and a 1 year high of $31.96. The firm has a 50 day simple moving average of $29.67. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.97. The company has a market cap of $816.86 million, a PE ratio of 19.75, a P/E/G ratio of 2.50 and a beta of 0.67.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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