Somewhat Favorable Press Coverage Somewhat Unlikely to Impact HomeStreet (HMST) Share Price

News stories about HomeStreet (NASDAQ:HMST) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HomeStreet earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 45.8968353757092 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Shares of HomeStreet (NASDAQ HMST) opened at $29.25 on Friday. The company has a market cap of $782.56, a PE ratio of 11.52, a PEG ratio of 1.22 and a beta of 0.26. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 1.57. HomeStreet has a 1-year low of $24.00 and a 1-year high of $32.60.

HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The firm had revenue of $123.88 million during the quarter, compared to analysts’ expectations of $127.13 million. HomeStreet had a net margin of 12.54% and a return on equity of 7.26%. During the same quarter in the prior year, the company earned $0.09 EPS. sell-side analysts expect that HomeStreet will post 2.38 EPS for the current year.

Several research analysts have weighed in on the stock. B. Riley restated a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. BidaskClub downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Wednesday, January 24th. DA Davidson upped their price objective on shares of HomeStreet to $34.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a report on Monday, January 1st. Finally, Keefe, Bruyette & Woods downgraded shares of HomeStreet from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.71.

In other news, EVP Godfrey B. Evans sold 965 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $29.66, for a total value of $28,621.90. Following the completion of the sale, the executive vice president now owns 23,783 shares in the company, valued at $705,403.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Mark K. Mason sold 6,934 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $29.53, for a total transaction of $204,761.02. Following the completion of the sale, the chief executive officer now owns 131,293 shares of the company’s stock, valued at approximately $3,877,082.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,415 shares of company stock valued at $248,774. 1.64% of the stock is currently owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for HomeStreet (NASDAQ:HMST)

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