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S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Is the US Military Secretly Under Chinese Control? (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Is Sanofi A Buy, Despite Recent Stumbles?
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Is the US Military Secretly Under Chinese Control? (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Is Sanofi A Buy, Despite Recent Stumbles?
S&P 500   4,283.74
DOW   33,999.04
QQQ   329.28
Why Micron Stock Could Be About To Breakout 
Is the US Military Secretly Under Chinese Control? (Ad)
US to hold trade talks with Taiwan, island drills military
BJ’s Wholesale Club Pops, Will Costco Be Next?
Potential Gold Rush For Investors Sparked By USA Vs. China Trade War (Ad)
Why Blue-Chip Tech Like Cisco Systems Is Rebounding
Starbucks Stock, Is Brand Loyalty Enough Reason to Buy
Investors See Opportunity in Huge Global Demand for Lithium (Ad)
Trump Organization CFO pleads guilty in tax evasion case
Is Sanofi A Buy, Despite Recent Stumbles?
NASDAQ:HMST

HomeStreet - HMST Stock Forecast, Price & News

$37.76
+0.18 (+0.48%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
$37.24
$37.84
50-Day Range
$34.25
$38.09
52-Week Range
$33.76
$57.40
Volume
70,951 shs
Average Volume
116,639 shs
Market Capitalization
$706.11 million
P/E Ratio
8.05
Dividend Yield
3.73%
Price Target
$39.75

HomeStreet MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
5.3% Upside
$39.75 Price Target
Short Interest
Bearish
6.71% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.64mentions of HomeStreet in the last 14 days
Based on 2 Articles This Week
Insider Trading
Acquiring Shares
$854,400 Bought Last Quarter
Proj. Earnings Growth
3.31%
From $4.23 to $4.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.92 out of 5 stars

Finance Sector

663rd out of 914 stocks

State Commercial Banks Industry

157th out of 192 stocks

HMST stock logo

About HomeStreet (NASDAQ:HMST) Stock

HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services. Its loan products include commercial business and agriculture loans, single family residential mortgages, consumer loans, commercial loans secured by residential and commercial real estate, and construction loans for residential and commercial real estate development, as well as consumer installment loans and permanent loans on commercial real estate and single-family residences. In addition, the company offers its products and services through bank branches, loan production offices, and ATMs, as well as through online, mobile, and telephone banking. As of December 31, 2021, it operated 60 full-service bank branches located in Washington state, Northern and Southern California, the Portland, Oregon, and Hawaii; and five primary stand-alone commercial lending centers in Central Washington, Oregon, Southern California, Idaho, and Utah. HomeStreet, Inc. serves small and medium sized businesses, real estate investors, professional firms, and individuals. The company was formerly known as Continental Mortgage and Loan Company. HomeStreet, Inc. was incorporated in 1921 and is headquartered in Seattle, Washington.

Wall Street Analysts Forecast Growth

HMST has been the subject of several research analyst reports. Wedbush upped their price target on shares of HomeStreet to $43.00 in a research report on Tuesday, July 26th. Piper Sandler lowered their price target on HomeStreet to $36.00 in a research note on Monday, July 4th. B. Riley cut HomeStreet from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $55.00 to $43.00 in a research report on Tuesday, June 14th. Finally, DA Davidson decreased their price objective on HomeStreet to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, HomeStreet currently has a consensus rating of "Hold" and a consensus price target of $39.75.

HomeStreet Price Performance

HMST Stock opened at $37.76 on Friday. HomeStreet has a 1 year low of $33.76 and a 1 year high of $57.40. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.08 and a quick ratio of 1.08. The firm has a market capitalization of $706.26 million, a PE ratio of 8.05 and a beta of 1.06. The business has a 50 day simple moving average of $36.00 and a 200-day simple moving average of $42.28.

HomeStreet (NASDAQ:HMST - Get Rating) last issued its earnings results on Monday, July 25th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.04). HomeStreet had a net margin of 28.50% and a return on equity of 14.46%. The company had revenue of $73.07 million during the quarter, compared to analysts' expectations of $78.02 million. During the same quarter in the previous year, the company earned $1.37 earnings per share. Equities research analysts anticipate that HomeStreet will post 4.23 earnings per share for the current fiscal year.

HomeStreet Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Investors of record on Tuesday, August 9th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 3.71%. The ex-dividend date is Monday, August 8th. HomeStreet's payout ratio is currently 29.85%.

Insiders Place Their Bets

In other news, Director Mark Robert Patterson purchased 5,000 shares of the business's stock in a transaction dated Thursday, June 16th. The stock was acquired at an average price of $34.15 per share, for a total transaction of $170,750.00. Following the acquisition, the director now directly owns 217,000 shares of the company's stock, valued at $7,410,550. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other HomeStreet news, Director Mark Robert Patterson purchased 5,000 shares of the firm's stock in a transaction dated Thursday, June 16th. The shares were acquired at an average price of $34.15 per share, with a total value of $170,750.00. Following the purchase, the director now directly owns 217,000 shares in the company, valued at approximately $7,410,550. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Michel purchased 3,000 shares of the stock in a transaction dated Tuesday, May 24th. The shares were acquired at an average price of $39.80 per share, with a total value of $119,400.00. Following the completion of the acquisition, the chief financial officer now owns 40,000 shares in the company, valued at approximately $1,592,000. The disclosure for this purchase can be found here. Insiders have bought 24,000 shares of company stock valued at $854,400 over the last ninety days. Company insiders own 4.80% of the company's stock.

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HMST Stock News Headlines

HomeStreet Reports Second Quarter 2022 Results
HomeStreet Q2 2022 Earnings Preview - Seeking Alpha
See More Headlines
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HMST Company Calendar

Ex-Dividend for 5/24 Dividend
5/09/2022
Dividend Payable
5/24/2022
Last Earnings
7/25/2022
Ex-Dividend for 8/23 Dividend
8/08/2022
Today
8/19/2022
Dividend Payable
8/23/2022
Next Earnings (Estimated)
10/24/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Thrifts & Mortgage Finance
Sector
Finance
Current Symbol
NASDAQ:HMST
CUSIP
43785V10
Employees
934
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$39.75
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$36.00
Forecasted Upside/Downside
+5.3%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$115.42 million
Pretax Margin
36.16%

Debt

Sales & Book Value

Annual Sales
$364.27 million
Cash Flow
$6.31 per share
Book Value
$31.05 per share

Miscellaneous

Free Float
17,806,000
Market Cap
$706.11 million
Optionable
Optionable
Beta
1.06

Key Executives

  • Mr. Mark K. Mason (Age 62)
    Exec. Chairman, Pres & CEO
    Comp: $1.74M
  • Mr. John Matthias Michel CPA (Age 62)
    Exec. VP & CFO
    Comp: $827.4k
  • Mr. Darrell S. van Amen (Age 56)
    Chief Investment Officer, Exec. VP & Treasurer
    Comp: $579.6k
  • Mr. William D. Endresen (Age 67)
    Commercial Capital Pres & Exec. VP of Commercial Real Estate of Homestreet Bank
    Comp: $1.82M
  • Mr. Erik D. Hand (Age 56)
    Exec. VP & Residential Lending Director of HomeStreet Bank
    Comp: $878.74k
  • Mr. Troy D. Harper (Age 54)
    Exec. VP & Chief Information Officer
  • Mr. Godfrey B. Evans (Age 68)
    Chief Admin. Officer, Exec. VP, Gen. Counsel & Corp. Sec.
  • Ms. Pamela J. Taylor (Age 70)
    Exec. VP & HR Director
  • Mr. Jay C. IsemanMr. Jay C. Iseman (Age 62)
    Exec. VP & Chief Credit Officer
  • Mr. Richard W. H. Bennion (Age 72)
    Exec. VP













HMST Stock - Frequently Asked Questions

Should I buy or sell HomeStreet stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HomeStreet in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy 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.

What is HomeStreet's stock price forecast for 2022?

4 Wall Street analysts have issued 12-month price objectives for HomeStreet's stock. Their HMST share price forecasts range from $36.00 to $43.00. On average, they predict the company's stock price to reach $39.75 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts price targets for HMST
or view top-rated stocks among Wall Street analysts.

How have HMST shares performed in 2022?

HomeStreet's stock was trading at $52.00 at the beginning of the year. Since then, HMST shares have decreased by 27.4% and is now trading at $37.76.
View the best growth stocks for 2022 here
.

When is HomeStreet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, October 24th 2022.
View our HMST earnings forecast
.

How were HomeStreet's earnings last quarter?

HomeStreet, Inc. (NASDAQ:HMST) posted its quarterly earnings results on Monday, July, 25th. The financial services provider reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.98 by $0.04. The financial services provider earned $73.07 million during the quarter, compared to analyst estimates of $78.02 million. HomeStreet had a net margin of 28.50% and a trailing twelve-month return on equity of 14.46%. During the same quarter in the prior year, the company posted $1.37 earnings per share.

How often does HomeStreet pay dividends? What is the dividend yield for HomeStreet?

HomeStreet declared a quarterly dividend on Friday, July 29th. Shareholders of record on Tuesday, August 9th will be paid a dividend of $0.35 per share on Tuesday, August 23rd. This represents a $1.40 annualized dividend and a yield of 3.71%. The ex-dividend date of this dividend is Monday, August 8th.
Read our dividend analysis for HMST
.

Is HomeStreet a good dividend stock?

HomeStreet (NASDAQ:HMST) pays an annual dividend of $1.40 per share and currently has a dividend yield of 3.73%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 29.85%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HMST will have a dividend payout ratio of 32.04% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for HMST.

What is Mark K. Mason's approval rating as HomeStreet's CEO?

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.

What other stocks do shareholders of HomeStreet own?
What is HomeStreet's stock symbol?

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

Who are HomeStreet's major shareholders?

HomeStreet's stock is owned by a number of institutional and retail investors. Top institutional shareholders include State Street Corp (4.95%), Kennedy Capital Management Inc. (1.60%), Northern Trust Corp (1.53%), Elizabeth Park Capital Advisors Ltd. (1.16%), JPMorgan Chase & Co. (1.10%) and Russell Investments Group Ltd. (0.99%). Insiders that own company stock include Amen Darrell Van, David A Ederer, Douglas Irvine Smith, Godfrey B Evans, James R Mitchell, Jay C Iseman, Jeffrey D Green, John Michel, Mark Robert Patterson, Nancy D Pellegrino, Sandra A Cavanaugh, Troy Harper and Victor H Indiek.
View institutional ownership trends
.

How do I buy shares of HomeStreet?

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.
Compare Top Brokerages Here.

What is HomeStreet's stock price today?

One share of HMST stock can currently be purchased for approximately $37.76.

How much money does HomeStreet make?

HomeStreet (NASDAQ:HMST) has a market capitalization of $706.26 million and generates $364.27 million in revenue each year. The financial services provider earns $115.42 million in net income (profit) each year or $4.69 on an earnings per share basis.

How many employees does HomeStreet have?

The company employs 934 workers across the globe.

How can I contact HomeStreet?

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.

This page (NASDAQ:HMST) was last updated on 8/19/2022 by MarketBeat.com Staff

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