$0.39 Earnings Per Share Expected for HomeStreet Inc (NASDAQ:HMST) This Quarter

Equities research analysts expect HomeStreet Inc (NASDAQ:HMST) to announce $0.39 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for HomeStreet’s earnings, with estimates ranging from $0.28 to $0.47. HomeStreet reported earnings of $0.36 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.3%. The company is expected to report its next quarterly earnings report on Tuesday, January 28th.

On average, analysts expect that HomeStreet will report full year earnings of $1.48 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $2.31 per share, with EPS estimates ranging from $2.00 to $2.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for HomeStreet.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.21. HomeStreet had a return on equity of 4.88% and a net margin of 5.66%. The business had revenue of $71.71 million for the quarter, compared to analysts’ expectations of $67.04 million. During the same quarter in the prior year, the business earned $0.45 EPS.

Several equities analysts have commented on HMST shares. Zacks Investment Research raised shares of HomeStreet from a “sell” rating to a “hold” rating in a research report on Saturday, October 26th. BidaskClub raised shares of HomeStreet from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. DA Davidson upgraded shares of HomeStreet from an “underperform” rating to a “neutral” rating and set a $27.00 price target on the stock in a research note on Friday, August 16th. TheStreet raised shares of HomeStreet from a “c+” rating to a “b” rating in a report on Thursday, November 7th. Finally, ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $31.50.

In other HomeStreet news, Director Victor H. Indiek sold 3,272 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $31.28, for a total value of $102,348.16. Following the transaction, the director now directly owns 5,693 shares of the company’s stock, valued at approximately $178,077.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.64% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC boosted its position in shares of HomeStreet by 30.5% in the second quarter. Acadian Asset Management LLC now owns 144,623 shares of the financial services provider’s stock valued at $4,287,000 after acquiring an additional 33,762 shares during the period. Boston Partners raised its stake in HomeStreet by 13.4% in the 2nd quarter. Boston Partners now owns 1,149,315 shares of the financial services provider’s stock worth $34,066,000 after purchasing an additional 135,999 shares in the last quarter. Congress Asset Management Co. MA raised its stake in HomeStreet by 51.5% in the 3rd quarter. Congress Asset Management Co. MA now owns 139,280 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 47,330 shares in the last quarter. State of Tennessee Treasury Department boosted its holdings in HomeStreet by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 11,776 shares of the financial services provider’s stock valued at $322,000 after purchasing an additional 926 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in HomeStreet by 22.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 188,957 shares of the financial services provider’s stock valued at $5,495,000 after purchasing an additional 34,882 shares during the period. Hedge funds and other institutional investors own 86.36% of the company’s stock.

HMST stock traded up $0.39 during midday trading on Friday, reaching $32.63. 116,891 shares of the company were exchanged, compared to its average volume of 158,987. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.91 and a quick ratio of 0.89. The business has a 50-day moving average price of $30.97 and a two-hundred day moving average price of $28.88. HomeStreet has a one year low of $20.50 and a one year high of $35.44. The firm has a market capitalization of $787.00 million, a price-to-earnings ratio of 22.05 and a beta of 0.71.

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.

Further Reading: Overbought

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Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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