FY2024 EPS Estimates for HomeStreet, Inc. (NASDAQ:HMST) Decreased by Wedbush

HomeStreet, Inc. (NASDAQ:HMST) – Stock analysts at Wedbush cut their FY2024 earnings per share (EPS) estimates for shares of HomeStreet in a research report issued to clients and investors on Wednesday, March 27th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.15 per share for the year, down from their previous forecast of $0.25. Wedbush has a “Neutral” rating and a $16.00 price target on the stock. The consensus estimate for HomeStreet’s current full-year earnings is $0.24 per share. Wedbush also issued estimates for HomeStreet’s Q1 2025 earnings at $0.14 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.22 EPS and Q4 2025 earnings at $0.27 EPS.

Other equities analysts also recently issued reports about the company. StockNews.com began coverage on HomeStreet in a research report on Friday, March 22nd. They set a “sell” rating for the company. Keefe, Bruyette & Woods raised their target price on HomeStreet from $11.00 to $15.50 and gave the stock a “market perform” rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, HomeStreet currently has an average rating of “Hold” and a consensus price target of $12.17.

HomeStreet Stock Down 0.6 %

Shares of HMST opened at $15.21 on Thursday. HomeStreet has a 1 year low of $4.20 and a 1 year high of $19.09. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.10 and a current ratio of 1.11. The business has a 50-day moving average of $14.28 and a 200-day moving average of $10.04.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, January 29th. The financial services provider reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.15). The business had revenue of $45.95 million for the quarter, compared to the consensus estimate of $49.73 million. HomeStreet had a positive return on equity of 1.55% and a negative net margin of 6.23%.

Institutional Trading of HomeStreet

Hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. lifted its holdings in HomeStreet by 1,460.5% during the third quarter. Assenagon Asset Management S.A. now owns 184,013 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 172,221 shares during the period. Acuitas Investments LLC bought a new stake in shares of HomeStreet in the third quarter valued at $1,435,000. Jacobs Levy Equity Management Inc. raised its stake in shares of HomeStreet by 47.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock valued at $3,389,000 after buying an additional 140,357 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of HomeStreet by 167.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock valued at $26,000 after buying an additional 2,055 shares during the period. Finally, Federated Hermes Inc. raised its stake in shares of HomeStreet by 49.6% in the third quarter. Federated Hermes Inc. now owns 33,802 shares of the financial services provider’s stock valued at $263,000 after buying an additional 11,213 shares during the period. 74.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HomeStreet

In related news, Director Joanne R. Harrell bought 1,685 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were bought at an average price of $14.87 per share, for a total transaction of $25,055.95. Following the completion of the acquisition, the director now directly owns 14,907 shares of the company’s stock, valued at $221,667.09. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 4.60% of the company’s stock.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.