HomeStreet (NASDAQ:HMST) Announces Earnings Results, Misses Estimates By $0.05 EPS

HomeStreet (NASDAQ:HMST) announced its quarterly earnings results on Monday. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05), Zacks reports. HomeStreet had a negative net margin of 5.44% and a negative return on equity of 3.40%.

HomeStreet Trading Down 3.5 %

NASDAQ HMST opened at $10.07 on Wednesday. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15. HomeStreet has a 12-month low of $8.09 and a 12-month high of $16.10. The firm has a 50-day moving average price of $11.04 and a two-hundred day moving average price of $13.00.

Wall Street Analyst Weigh In

HMST has been the topic of a number of research reports. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Wedbush upped their price target on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

Insider Buying and Selling at HomeStreet

In other news, EVP David L. Parr sold 5,210 shares of the company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $11.53, for a total transaction of $60,071.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Michel sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.26, for a total transaction of $90,080.00. Following the sale, the chief financial officer now directly owns 28,409 shares of the company’s stock, valued at approximately $319,885.34. This trade represents a 21.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,846 shares of company stock valued at $203,697 in the last quarter. Company insiders own 4.60% of the company’s stock.

HomeStreet Company Profile

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.