HomeStreet (NASDAQ:HMST – Get Free Report) released its quarterly earnings results on Monday. The financial services provider reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01, Zacks reports. HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%.
HomeStreet Trading Up 1.0 %
NASDAQ:HMST traded up $0.14 on Tuesday, hitting $14.01. 45,452 shares of the stock were exchanged, compared to its average volume of 234,298. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $264.23 million, a price-to-earnings ratio of -6.51 and a beta of 1.38. The company’s 50-day moving average price is $10.88 and its 200 day moving average price is $12.48. HomeStreet has a 52 week low of $4.20 and a 52 week high of $15.82.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on HMST shares. Keefe, Bruyette & Woods lifted their target price on shares of HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a research note on Tuesday. Janney Montgomery Scott upgraded HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a research note on Thursday, June 20th. Finally, StockNews.com initiated coverage on shares of HomeStreet in a research report on Sunday. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $12.25.
About HomeStreet
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.
Recommended Stories
- Five stocks we like better than HomeStreet
- Election Stocks: How Elections Affect the Stock Market
- Aerospace Stock Fires Up a Solid EPS Beat and Raises Guidance
- What is the Euro STOXX 50 Index?
- Pharma Stock Cuts Earnings Outlook: Still a Buying Opportunity
- EV Stocks and How to Profit from Them
- This Semiconductor Stock Is ON Track for a New High
Receive News & Ratings for HomeStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet and related companies with MarketBeat.com's FREE daily email newsletter.
