Q2 2018 EPS Estimates for HomeStreet Inc Decreased by Analyst (HMST)

HomeStreet Inc (NASDAQ:HMST) – Stock analysts at B. Riley dropped their Q2 2018 EPS estimates for shares of HomeStreet in a note issued to investors on Thursday, April 5th. B. Riley analyst S. Moss now anticipates that the financial services provider will post earnings per share of $0.45 for the quarter, down from their prior estimate of $0.51. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for HomeStreet’s Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.54 EPS, Q2 2019 earnings at $0.51 EPS, Q4 2019 earnings at $0.61 EPS and FY2019 earnings at $2.20 EPS.

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HomeStreet (NASDAQ:HMST) last issued its quarterly 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 last year, the company posted $0.09 EPS.

Several other equities research analysts also recently commented on HMST. Sandler O’Neill set a $31.00 price target on shares of HomeStreet and gave the company a “hold” rating in a research report on Thursday, March 29th. BidaskClub upgraded shares of HomeStreet from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. DA Davidson upped their price target on shares of HomeStreet to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods downgraded shares of HomeStreet from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. Finally, ValuEngine upgraded shares of HomeStreet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Seven research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $30.75.

Shares of NASDAQ:HMST opened at $28.47 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.05 and a quick ratio of 0.93. The company has a market capitalization of $778.14, a P/E ratio of 16.95, a PEG ratio of 1.21 and a beta of 0.34. HomeStreet has a 52 week low of $24.00 and a 52 week high of $32.60.

A number of hedge funds have recently added to or reduced their stakes in HMST. BNP Paribas Arbitrage SA lifted its position in HomeStreet by 59.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 13,515 shares of the financial services provider’s stock worth $365,000 after buying an additional 5,032 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its position in HomeStreet by 58.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 10,180 shares of the financial services provider’s stock worth $275,000 after buying an additional 3,770 shares in the last quarter. Russell Investments Group Ltd. lifted its position in HomeStreet by 67.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 169,916 shares of the financial services provider’s stock worth $4,587,000 after buying an additional 68,173 shares in the last quarter. Ameriprise Financial Inc. lifted its position in HomeStreet by 3.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 514,127 shares of the financial services provider’s stock worth $13,881,000 after buying an additional 15,229 shares in the last quarter. Finally, Nordea Investment Management AB lifted its position in HomeStreet by 13.7% in the 3rd quarter. Nordea Investment Management AB now owns 82,032 shares of the financial services provider’s stock worth $2,215,000 after buying an additional 9,878 shares in the last quarter. Institutional investors own 79.73% of the company’s stock.

In other HomeStreet news, CEO Mark K. Mason sold 1,485 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $30.50, for a total value of $45,292.50. Following the completion of the sale, the chief executive officer now owns 140,273 shares in the company, valued at approximately $4,278,326.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Mark K. Mason sold 2,208 shares of the stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of $28.52, for a total transaction of $62,972.16. Following the completion of the sale, the chief executive officer now owns 136,580 shares of the company’s stock, valued at approximately $3,895,261.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,414 shares of company stock valued at $426,792. Insiders own 1.64% of the company’s stock.

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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.

Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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