NASDAQ:HMSTHomeStreet Stock Price, Forecast & News

$23.82

-0.32 (-1.33 %)

(As of 05/29/2020 04:00 PM ET)

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Today's Range

$23.00

Now: $23.82▼

$24.14

50-Day Range

$20.43

MA: $22.78▼

$27.16

52-Week Range

$18.44

Now: $23.82▼

$35.44

Volume177,608 shs

Average Volume182,490 shs

Market Capitalization$557.29 million

P/E Ratio22.06

Dividend Yield2.49%

Beta1.05

HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services. It also offers consumer loans, single family residential mortgages, loans secured by commercial real estate, construction loans for residential and commercial real estate projects, commercial business loans, and agricultural loans; and bridge loans and permanent loans primarily on single family residences, as well as on office, retail, industrial, and multifamily property types. This segment provides its products and services through bank branches, lending centers, and ATMs, as well as through online, mobile, and telephone banking. The Mortgage Banking segment originates single family residential mortgage loans for sale in the secondary market. This segment is also involved in the sale of loans on a servicing-released and servicing-retained basis to securitizers and correspondent lenders. As of December 31, 2018, it had a network of 60 retail deposit branches located in Washington state, Southern California, the Portland, Oregon, and Hawaii; and 32 primary stand-alone home loan centers and 6 primary commercial lending centers. The company was formerly known as Continental Mortgage and Loan Company. HomeStreet, Inc. was founded in 1921 and is headquartered in Seattle, Washington.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
HomeStreet has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $31.00, HomeStreet has a potential upside of 30.1% from its current price of $23.82.
Amount of Analyst Coverage
HomeStreet has only been the subject of 2 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
HomeStreet has received 246 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
HomeStreet has received 327 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
HomeStreet has received 57.07% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about HomeStreet and other stocks. Vote “Outperform” if you believe HMST will outperform the S&P 500 over the long term. Vote “Underperform” if you believe HMST will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
HomeStreet is a leading dividend payer. It pays a dividend yield of 2.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
HomeStreet does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of HomeStreet is 35.29 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, HomeStreet will have a dividend payout ratio of 29.56 % next year. This indicates that HomeStreet will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HomeStreet insiders have bought 1,845.11% more of their company's stock than they have sold. Specifically, they have bought $346,696.00 in company stock and sold $17,824.00 in company stock.
Percentage Held by Insiders
Only 1.64% of the stock of HomeStreet is held by insiders.
Percentage Held by Institutions
84.64% of the stock of HomeStreet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5 Earnings and Valuation

Earnings Growth
Earnings for HomeStreet are expected to grow by 46.04% in the coming year, from $1.39 to $2.03 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HomeStreet is 22.06, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of HomeStreet is 22.06, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.16.
Price to Book Value per Share Ratio
HomeStreet has a P/B Ratio of 0.82. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

3.04 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry State commercial banks

Sub-IndustryThrifts & Mortgage Finance

SectorFinance

Current SymbolNASDAQ:HMST

Previous Symbol

CUSIP43785V10

CIK1518715

Webwww.homestreet.com

Phone206-623-3050

Debt

Debt-to-Equity Ratio1.01

Current Ratio0.98

Quick Ratio0.96

Price-To-Earnings

Trailing P/E Ratio22.06

Forward P/E Ratio17.14

P/E GrowthN/A

Sales & Book Value

Annual Sales$352.04 million

Price / Sales1.58

Cash Flow$3.25 per share

Price / Cash Flow7.34

Book Value$28.95 per share

Price / Book0.82

Profitability

EPS (Most Recent Fiscal Year)$1.70

Net Income$17.51 million

Net Margins7.09%

Return on Equity5.88%

Return on Assets0.58%

Miscellaneous

Employees1,071

Outstanding Shares23,396,000

Market Cap$557.29 million

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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HomeStreet (NASDAQ:HMST) Frequently Asked Questions

How has HomeStreet's stock been impacted by COVID-19 (Coronavirus)?

HomeStreet's stock was trading at $23.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, HMST stock has increased by 2.1% and is now trading at $23.82. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of HomeStreet?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HomeStreet in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for HomeStreet.

When is HomeStreet's next earnings date?

HomeStreet is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for HomeStreet.

How were HomeStreet's earnings last quarter?

HomeStreet Inc (NASDAQ:HMST) released its quarterly earnings data on Monday, April, 27th. The financial services provider reported $0.34 EPS for the quarter, beating the Zacks' consensus estimate of $0.31 by $0.03. The financial services provider had revenue of $78.06 million for the quarter, compared to the consensus estimate of $63.57 million. HomeStreet had a return on equity of 5.88% and a net margin of 7.09%. View HomeStreet's earnings history.

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

HomeStreet declared a quarterly dividend on Monday, April 27th. Investors of record on Monday, May 4th will be given a dividend of $0.15 per share on Wednesday, May 20th. This represents a $0.60 annualized dividend and a dividend yield of 2.52%. The ex-dividend date is Friday, May 1st. View HomeStreet's dividend history.

What price target have analysts set for HMST?

4 brokerages have issued 1-year price objectives for HomeStreet's stock. Their forecasts range from $27.00 to $35.00. On average, they expect HomeStreet's share price to reach $31.00 in the next year. This suggests a possible upside of 30.1% from the stock's current price. View analysts' price targets for HomeStreet.

Has HomeStreet been receiving favorable news coverage?

News articles about HMST stock have been trending negative recently, InfoTrie reports. The research group scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. HomeStreet earned a coverage optimism score of -2.0 on InfoTrie's scale. They also gave news headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutHomeStreet.

Are investors shorting HomeStreet?

HomeStreet saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 286,600 shares, a drop of 30.9% from the April 30th total of 414,700 shares. Based on an average trading volume of 175,100 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.3% of the company's shares are sold short. View HomeStreet's Current Options Chain.

Who are some of HomeStreet's key competitors?

Some companies that are related to HomeStreet include People's United Financial (PBCT), New York Community Bancorp (NYCB), TFS Financial (TFSL), Lendingtree (TREE), MGIC Investment (MTG), Radian Group (RDN), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Simply Good Foods (SMPL), WSFS Financial (WSFS), EverBank Financial (EVER), Northwest Bancshares (NWBI), Walker & Dunlop (WD), OceanFirst Financial (OCFC) and Provident Financial Services (PFS). View all competitors.

What other stocks do shareholders of HomeStreet own?

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).

Who are HomeStreet's key executives?

HomeStreet's management team includes the following people:

Mr. Mark K. Mason, Chairman, Pres & CEO (Age 59)
Mr. Mark R. Ruh CIRA, Exec. VP, CFO & Principal Accounting Officer (Age 53)
Mr. Godfrey B. Evans, Chief Admin. Officer, Exec. VP, Gen. Counsel & Corp. Sec. (Age 65)
Mr. William D. Endresen, Commercial Capital Pres & EVP of Commercial Real Estate - Homestreet Bank (Age 64)
Ms. Rose Marie David, Sr. EVP & Mortgage Lending Director of HomeStreet Bank (Age 55)

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 investors include BlackRock Inc. (14.80%), Russell Investments Group Ltd. (9.31%), State Street Corp (3.34%), NWQ Investment Management Company LLC (2.18%), Geode Capital Management LLC (1.52%) and Acadian Asset Management LLC (1.48%). Company insiders that own HomeStreet stock include Amen Darrell Van, David A Ederer, Douglas Irvine Smith, Edward Schultz, Godfrey B Evans, James R Mitchell, Mark R Ruh, Mark Robert Patterson, Mary L Vincent, Sandra A Cavanaugh, Troy Harper and Victor H Indiek. View institutional ownership trends for HomeStreet.

Which institutional investors are selling HomeStreet stock?

HMST stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., BlackRock Inc., Deutsche Bank AG, Morgan Stanley, Two Sigma Investments LP, Public Sector Pension Investment Board, Parametric Portfolio Associates LLC, and UBS Group AG. Company insiders that have sold HomeStreet company stock in the last year include Godfrey B Evans, and Victor H Indiek. View insider buying and selling activity for HomeStreet.

Which institutional investors are buying HomeStreet stock?

HMST stock was acquired by a variety of institutional investors in the last quarter, including Mesirow Financial Investment Management Equity Management, Acadian Asset Management LLC, Elizabeth Park Capital Advisors Ltd., State Street Corp, NWQ Investment Management Company LLC, Dynamic Technology Lab Private Ltd, Trexquant Investment LP, and Two Sigma Advisers LP. Company insiders that have bought HomeStreet stock in the last two years include Amen Darrell Van, David A Ederer, Douglas Irvine Smith, Godfrey B Evans, James R Mitchell, Mark R Ruh, Mark Robert Patterson, Sandra A Cavanaugh, and Troy Harper. View insider buying and selling activity for HomeStreet.

How do I buy shares of HomeStreet?

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

What is HomeStreet's stock price today?

One share of HMST stock can currently be purchased for approximately $23.82.

How big of a company is HomeStreet?

HomeStreet has a market capitalization of $557.29 million and generates $352.04 million in revenue each year. The financial services provider earns $17.51 million in net income (profit) each year or $1.70 on an earnings per share basis. HomeStreet employs 1,071 workers across the globe.

What is HomeStreet's official website?

The official website for HomeStreet is www.homestreet.com.

How can I contact HomeStreet?

HomeStreet's mailing address is 601 UNION STREET SUITE 2000, SEATTLE WA, 98101. The financial services provider can be reached via phone at 206-623-3050 or via email at [email protected]

This page was last updated on 5/30/2020 by MarketBeat.com Staff