Analysts forecast that HomeStreet Inc (NASDAQ:HMST) will post $120.08 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for HomeStreet’s earnings. The lowest sales estimate is $115.40 million and the highest is $122.97 million. HomeStreet reported sales of $120.11 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 0%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, April 23rd.
On average, analysts expect that HomeStreet will report full year sales of $120.08 million for the current financial year, with estimates ranging from $511.20 million to $516.52 million. For the next fiscal year, analysts forecast that the company will post sales of $541.21 million per share, with estimates ranging from $533.06 million to $547.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover HomeStreet.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.02). The firm had revenue of $123.88 million for 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 business earned $0.09 EPS.
Shares of HMST traded down $0.73 during mid-day trading on Friday, reaching $27.75. 399,677 shares of the stock traded hands, compared to its average volume of 182,306. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 1.57. The firm has a market capitalization of $778.14, a P/E ratio of 16.58, a P/E/G ratio of 1.21 and a beta of 0.34. HomeStreet has a 12-month low of $24.00 and a 12-month high of $32.60.
In other HomeStreet news, 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 owns 23,783 shares of the company’s stock, valued at $705,403.78. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mary L. Vincent sold 1,000 shares of HomeStreet stock in a transaction on Monday, March 12th. The stock was sold at an average price of $30.85, for a total transaction of $30,850.00. Following the completion of the transaction, the executive vice president now directly owns 13,588 shares of the company’s stock, valued at approximately $419,189.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,414 shares of company stock valued at $426,792. Insiders own 1.64% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in HomeStreet by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,258,773 shares of the financial services provider’s stock worth $60,986,000 after purchasing an additional 44,281 shares during the period. Baird Financial Group Inc. boosted its holdings in HomeStreet by 11.1% in the fourth quarter. Baird Financial Group Inc. now owns 53,235 shares of the financial services provider’s stock worth $1,541,000 after purchasing an additional 5,316 shares during the period. NWQ Investment Management Company LLC boosted its holdings in HomeStreet by 32.9% in the third quarter. NWQ Investment Management Company LLC now owns 1,755,458 shares of the financial services provider’s stock worth $47,397,000 after purchasing an additional 434,465 shares during the period. Nordea Investment Management AB boosted its holdings in HomeStreet by 13.7% in the third quarter. Nordea Investment Management AB now owns 82,032 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 9,878 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in HomeStreet in the third quarter worth $264,000. 79.73% of the stock is owned by hedge funds and other institutional investors.
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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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