HomeStreet (HMST) Receiving Somewhat Favorable News Coverage, Study Finds

Media stories about HomeStreet (NASDAQ:HMST) have been trending somewhat positive recently, according to Accern. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HomeStreet earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.1701698732085 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of HomeStreet (HMST) opened at $29.30 on Wednesday. The stock has a market capitalization of $800.04, a P/E ratio of 11.54, a PEG ratio of 1.25 and a beta of 0.26. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.05 and a quick ratio of 0.93. HomeStreet has a 52-week low of $24.00 and a 52-week high of $32.60.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The firm had revenue of $123.88 million for the quarter, compared to analyst estimates of $127.13 million. HomeStreet had a return on equity of 7.26% and a net margin of 12.54%. During the same period in the previous year, the business posted $0.09 earnings per share. sell-side analysts anticipate that HomeStreet will post 2.38 EPS for the current year.

A number of research analysts have weighed in on the company. B. Riley restated a “hold” rating and issued a $30.00 price target on shares of HomeStreet in a research note on Wednesday, January 24th. DA Davidson raised their price target on HomeStreet to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods downgraded HomeStreet from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. BidaskClub cut HomeStreet from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Monday, January 1st. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $30.71.

In other HomeStreet news, CEO Mark K. Mason sold 6,934 shares of HomeStreet stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $29.53, for a total value of $204,761.02. Following the completion of the transaction, the chief executive officer now directly owns 131,293 shares of the company’s stock, valued at approximately $3,877,082.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Godfrey B. Evans sold 965 shares of HomeStreet stock in a transaction on 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 transaction, the executive vice president now directly owns 23,783 shares of the company’s stock, valued at $705,403.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,415 shares of company stock valued at $248,774. 1.64% of the stock is currently owned by insiders.

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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.

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

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