HomeStreet Inc. (NASDAQ:HMST) – Stock analysts at FIG Partners boosted their FY2017 earnings estimates for HomeStreet in a research note issued on Wednesday. FIG Partners analyst T. Coffey now expects that the brokerage will post earnings per share of $2.86 for the year, up from their previous estimate of $2.63. FIG Partners also issued estimates for HomeStreet’s Q4 2017 earnings at $0.65 EPS.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, July 25th. The company reported $0.90 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. During the same quarter in the prior year, the firm earned $0.65 EPS.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of HomeStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th. FBR & Co reiterated a “buy” rating on shares of HomeStreet in a research note on Wednesday, April 27th.
In other news, Director Richard W. H. Bennion sold 5,334 shares of the business’s stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $20.42, for a total value of $108,920.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
A hedge fund recently raised its stake in HomeStreet stock. Nationwide Fund Advisors increased its stake in shares of HomeStreet Inc. (NASDAQ:HMST) by 23.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 151,690 shares of the company’s stock after buying an additional 28,319 shares during the period. Nationwide Fund Advisors owned about 0.69% of HomeStreet worth $3,293,000 as of its most recent filing with the SEC.
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. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking.
