HomeStreet (NASDAQ:HMST - Get Free Report) released its quarterly earnings data on Monday. The financial services provider reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.08), Zacks reports. HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. The business had revenue of $85.77 million during the quarter, compared to analyst estimates of $46.61 million.
HomeStreet Stock Down 0.5 %
Shares of NASDAQ HMST opened at $11.04 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.09. HomeStreet has a 52 week low of $8.09 and a 52 week high of $16.10. The company has a market cap of $208.91 million, a price-to-earnings ratio of -1.44 and a beta of 1.33. The firm's fifty day moving average is $10.17 and its 200 day moving average is $10.91.
Analyst Ratings Changes
Several equities research analysts have recently commented on the stock. Janney Montgomery Scott upgraded shares of HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Piper Sandler lifted their price target on shares of HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, HomeStreet has a consensus rating of "Hold" and an average target price of $14.25.
Get Our Latest Report on HomeStreet
About HomeStreet
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider HomeStreet, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HomeStreet wasn't on the list.
While HomeStreet currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
