HomeStreet, Inc. (NASDAQ:HMST - Free Report) - Analysts at Wedbush cut their Q1 2024 earnings per share estimates for shares of HomeStreet in a note issued to investors on Wednesday, March 27th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings per share of ($0.16) for the quarter, down from their prior estimate of ($0.14). Wedbush currently has a "Neutral" rating and a $16.00 price objective on the stock. The consensus estimate for HomeStreet's current full-year earnings is $0.21 per share. Wedbush also issued estimates for HomeStreet's Q2 2024 earnings at ($0.03) EPS, Q3 2024 earnings at $0.11 EPS, Q4 2024 earnings at $0.23 EPS and FY2025 earnings at $0.80 EPS.
HomeStreet (NASDAQ:HMST - Get Free Report) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.15). The company had revenue of $45.95 million for the quarter, compared to analysts' expectations of $49.73 million. HomeStreet had a negative net margin of 6.23% and a positive return on equity of 1.55%.
Several other equities analysts have also weighed in on the company. StockNews.com initiated coverage on HomeStreet in a research note on Friday, March 22nd. They issued a "sell" rating for the company. Keefe, Bruyette & Woods lifted their price target on HomeStreet from $11.00 to $15.50 and gave the company a "market perform" rating in a research note on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, HomeStreet has a consensus rating of "Hold" and an average price target of $12.17.
View Our Latest Stock Report on HomeStreet
HomeStreet Price Performance
Shares of HomeStreet stock traded down $0.16 on Friday, hitting $15.05. The company's stock had a trading volume of 153,377 shares, compared to its average volume of 115,799. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.10 and a current ratio of 1.11. HomeStreet has a 1 year low of $4.20 and a 1 year high of $19.09. The firm has a fifty day moving average price of $14.29 and a 200-day moving average price of $10.12. The company has a market capitalization of $283.84 million, a price-to-earnings ratio of -10.31 and a beta of 1.31.
Institutional Investors Weigh In On HomeStreet
Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of HomeStreet by 167.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider's stock worth $26,000 after purchasing an additional 2,055 shares during the last quarter. CWM LLC boosted its holdings in shares of HomeStreet by 2,222.2% during the 4th quarter. CWM LLC now owns 3,553 shares of the financial services provider's stock worth $37,000 after purchasing an additional 3,400 shares during the last quarter. AJOVista LLC acquired a new position in shares of HomeStreet during the 4th quarter worth approximately $38,000. Point72 Hong Kong Ltd acquired a new position in shares of HomeStreet during the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of HomeStreet by 132.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider's stock worth $45,000 after purchasing an additional 2,503 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, Director Joanne R. Harrell acquired 1,685 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were bought at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the acquisition, the director now owns 14,907 shares in the company, valued at approximately $221,667.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.60% of the stock is currently owned by insiders.
HomeStreet Company Profile
(
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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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