HomeStreet (HMST) Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HomeStreet in the last year. There are currently 3 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HMST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HMST, but not buy additional shares or sell existing shares.
View HMST analyst ratings or view top-rated stocks.

3 analysts have issued 1-year target prices for HomeStreet's stock. Their HMST share price forecasts range from $10.00 to $29.00. On average, they predict the company's stock price to reach $17.00 in the next year. This suggests a possible upside of 125.2% from the stock's current price.
View analysts price targets for HMST or view top-rated stocks among Wall Street analysts.

HomeStreet's stock was trading at $27.58 on January 1st, 2023. Since then, HMST stock has decreased by 72.6% and is now trading at $7.55.
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HomeStreet saw a decrease in short interest in the month of September. As of September 15th, there was short interest totaling 1,460,000 shares, a decrease of 18.4% from the August 31st total of 1,790,000 shares. Based on an average trading volume of 482,300 shares, the days-to-cover ratio is currently 3.0 days. Currently, 8.3% of the company's stock are sold short.
View HomeStreet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our HMST earnings forecast.

HomeStreet, Inc. (NASDAQ:HMST) posted its quarterly earnings data on Friday, July, 28th. The financial services provider reported $0.17 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by $0.03. The financial services provider had revenue of $53.79 million for the quarter, compared to the consensus estimate of $57.07 million. HomeStreet had a trailing twelve-month return on equity of 6.69% and a net margin of 0.59%.

HomeStreet declared a quarterly dividend on Friday, July 28th. Stockholders of record on Wednesday, August 9th will be paid a dividend of $0.10 per share on Wednesday, August 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Tuesday, August 8th.
Read our dividend analysis for HMST.

HomeStreet (NASDAQ:HMST) pays an annual dividend of $0.40 per share and currently has a dividend yield of 5.17%. HMST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 307.69%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, HMST will have a dividend payout ratio of 55.56% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HMST.

78 employees have rated HomeStreet Chief Executive Officer Mark K. Mason on Glassdoor.com. Mark K. Mason has an approval rating of 38% among the company's employees. This puts Mark K. Mason in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other HomeStreet investors own include Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), Associated British Foods (ABF), Chaarat Gold (CGH), First Data (FDC), VBI Vaccines (VBIV), Apollo Global Management (APO) and China Unicom (Hong Kong) (CHU).

HomeStreet trades on the NASDAQ under the ticker symbol "HMST."

HomeStreet's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.30%), Dimensional Fund Advisors LP (5.80%), Hotchkis & Wiley Capital Management LLC (3.35%), State Street Corp (2.34%), Geode Capital Management LLC (2.11%) and Charles Schwab Investment Management Inc. (1.94%). Insiders that own company stock include Amen Darrell Van, David L Parr, Douglas Irvine Smith, Erik D Hand, Godfrey B Evans, Jay C Iseman, Jeffrey D Green, John Michel, Mark Robert Patterson, Sandra A Cavanaugh, Scott M Boggs and Troy Harper.
View institutional ownership trends.

Shares of HMST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HMST stock can currently be purchased for approximately $7.55.

HomeStreet (NASDAQ:HMST) has a market capitalization of $141.86 million and generates $355.86 million in revenue each year. The financial services provider earns $66.54 million in net income (profit) each year or $0.13 on an earnings per share basis.

The company employs 915 workers across the globe.

HomeStreet's mailing address is 601 UNION STREET SUITE 2000, SEATTLE WA, 98101. The official website for the company is www.homestreet.com. The financial services provider can be reached via phone at (206) 623-3050, via email at ir@homestreet.com, or via fax at 800-654-1075.