HomeStreet (NASDAQ:HMST - Get Free Report) issued its earnings results 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. The firm had revenue of $85.77 million during the quarter, compared to the consensus estimate of $46.61 million. HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%.
HomeStreet Trading Up 3.4 %
Shares of NASDAQ HMST traded up $0.39 during trading hours on Friday, hitting $11.75. 83,009 shares of the company traded hands, compared to its average volume of 157,953. The stock has a market capitalization of $222.32 million, a price-to-earnings ratio of -1.53 and a beta of 1.34. The company's 50 day moving average price is $10.29 and its 200 day moving average price is $10.83. HomeStreet has a 12 month low of $8.09 and a 12 month high of $16.10. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09.
Analyst Ratings Changes
A number of analysts have issued reports on HMST shares. Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 1st. StockNews.com upgraded shares of HomeStreet from a "sell" rating to a "hold" rating in a research report on Wednesday. Finally, Piper Sandler increased their price objective 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. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $14.25.
Check Out Our Latest Report on HMST
About HomeStreet
(
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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.
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