HomeStreet Inc (NASDAQ:HMST) - Equities research analysts at FIG Partners reduced their Q3 2017 earnings per share estimates for shares of HomeStreet in a research report issued on Wednesday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will earn $0.39 per share for the quarter, down from their previous estimate of $0.64. FIG Partners currently has a “Market Perform” rating and a $26.25 target price on the stock. FIG Partners also issued estimates for HomeStreet’s Q4 2017 earnings at $0.38 EPS, Q1 2018 earnings at $0.45 EPS, Q2 2018 earnings at $0.57 EPS, Q3 2018 earnings at $0.47 EPS and Q4 2018 earnings at $0.54 EPS.
HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.18. HomeStreet had a net margin of 8.77% and a return on equity of 6.93%. The business had revenue of $127.88 million during the quarter, compared to analyst estimates of $143.41 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share.
Several other research analysts also recently weighed in on the stock. BidaskClub downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a report on Friday, July 14th. Finally, Zacks Investment Research downgraded shares of HomeStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.45.
Shares of HomeStreet (NASDAQ HMST) opened at 26.60 on Friday. The firm has a market capitalization of $767.81 million, a price-to-earnings ratio of 11.25 and a beta of 0.07. The firm has a 50-day moving average of $27.53 and a 200 day moving average of $27.22. HomeStreet has a 52 week low of $22.30 and a 52 week high of $33.70.
A number of institutional investors have recently bought and sold shares of the stock. Comerica Bank bought a new position in HomeStreet during the fourth quarter valued at $722,000. State Street Corp raised its position in HomeStreet by 30.6% in the fourth quarter. State Street Corp now owns 483,782 shares of the financial services provider’s stock valued at $15,285,000 after buying an additional 113,477 shares during the last quarter. New York State Teachers Retirement System raised its position in HomeStreet by 443.2% in the fourth quarter. New York State Teachers Retirement System now owns 11,407 shares of the financial services provider’s stock valued at $360,000 after buying an additional 9,307 shares during the last quarter. Guggenheim Capital LLC bought a new position in HomeStreet during the fourth quarter valued at $1,610,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in HomeStreet during the fourth quarter valued at $265,000. Institutional investors own 82.52% of the company’s stock.
In other news, EVP David H. Straus bought 1,000 shares of the stock in a transaction dated Tuesday, May 2nd. The stock was bought at an average price of $25.53 per share, for a total transaction of $25,530.00. Following the completion of the acquisition, the executive vice president now directly owns 12,551 shares in the company, valued at approximately $320,427.03. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 7.59% of the company’s stock.
About HomeStreet
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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