NASDAQ:HMST

HomeStreet Stock Forecast, Price & News

$36.72

-0.21 (-0.57 %)

(As of 01/25/2021 12:00 AM ET)

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Today's Range

$35.94

Now: $36.72▼

$37.20

50-Day Range

$32.91

MA: $34.82▼

$37.46

52-Week Range

$18.44

Now: $36.72▼

$38.41

Volume114,734 shs

Average Volume121,968 shs

Market Capitalization$800.06 million

P/E Ratio13.55

Dividend Yield1.62%

Beta1.06

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 Western United States. The company offers deposit and insurance products, private banking and cash management services, and other banking services. It provides 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. In addition, the company offers its products and services through bank branches, lending centers, and ATMs, as well as through online, mobile, and telephone banking. As of December 31, 2019, it had a networki of 62 retail deposit branches located in Washington state, Southern California, the Portland, Oregon, and Hawaii; and 4 primary stand-alone commercial lending centers in Central Washington, Southern California, Boise, Idaho, and Salt Lake City, Utah. The company was formerly known as Continental Mortgage and Loan Company. HomeStreet, Inc. was founded in 1921 and is headquartered in Seattle, Washington.

MarketRank^™

Overall MarketRank^™

2.10 out of 5 stars

Finance Sector

187th out of 1,930 stocks

State Commercial Banks Industry

39th out of 307 stocks

1.3 Analyst's Opinion

Consensus Rating
HomeStreet has received a consensus rating of Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.20, HomeStreet has a forecasted downside of 6.9% from its current price of $36.72.
Amount of Analyst Coverage
HomeStreet has only been the subject of 1 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
HomeStreet has received 252 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
HomeStreet has received 342 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
HomeStreet has received 57.58% “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.

2.5 Dividend Strength

Dividend Yield
HomeStreet pays a meaningful dividend of 1.62%, higher than the bottom 25% of all stocks that pay dividends.
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 17.96% next year. This indicates that HomeStreet will be able to sustain or increase its dividend.

3.3 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, HomeStreet insiders have bought more of their company's stock than they have sold. Specifically, they have bought $725,791.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 3.62% of the stock of HomeStreet is held by insiders.
Percentage Held by Institutions
83.68% of the stock of HomeStreet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for HomeStreet are expected to decrease by -3.47% in the coming year, from $3.46 to $3.34 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HomeStreet is 13.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.31.
Price to Earnings Ratio vs. Sector
The P/E ratio of HomeStreet is 13.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 22.07.
Price to Book Value per Share Ratio
HomeStreet has a P/B Ratio of 1.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

Employees1,071

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.92

Current Ratio0.94

Quick Ratio0.87

Price-To-Earnings

Trailing P/E Ratio13.55

Forward P/E Ratio10.61

P/E GrowthN/A

Sales & Book Value

Annual Sales$352.04 million

Price / Sales2.27

Cash Flow$3.47 per share

Price / Cash Flow10.59

Book Value$27.84 per share

Price / Book1.32

Profitability

EPS (Most Recent Fiscal Year)$1.70

Net Income$17.51 million

Net Margins16.89%

Return on Equity10.39%

Return on Assets1.01%

Miscellaneous

Outstanding Shares21,788,000

Market Cap$800.06 million

Next Earnings Date1/25/2021 (Confirmed)

OptionableOptionable

$36.72

-0.21 (-0.57 %)

(As of 01/25/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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HomeStreet (NASDAQ:HMST) Frequently Asked Questions

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

HomeStreet's stock was trading at $23.32 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, HMST stock has increased by 57.5% and is now trading at $36.72.
View which stocks have been most impacted by COVID-19.

Is HomeStreet a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for HomeStreet in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HomeStreet stock.
View analyst ratings for HomeStreet or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than HomeStreet?

Wall Street analysts have given HomeStreet a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but HomeStreet wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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

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

When is HomeStreet's next earnings date?

HomeStreet is scheduled to release its next quarterly earnings announcement on Monday, January 25th 2021.
View our earnings forecast for HomeStreet.

How were HomeStreet's earnings last quarter?

HomeStreet, Inc. (NASDAQ:HMST) issued its quarterly earnings results on Saturday, October, 31st. The financial services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $0.83 by $0.32. The financial services provider had revenue of $91.84 million for the quarter, compared to analysts' expectations of $86.18 million. HomeStreet had a net margin of 16.89% and a trailing twelve-month return on equity of 10.39%.
View HomeStreet's earnings history.

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

HomeStreet declared a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 6th will be given a dividend of $0.15 per share on Monday, November 23rd. This represents a $0.60 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date is Thursday, November 5th.
View HomeStreet's dividend history.

Is HomeStreet a good dividend stock?

HomeStreet pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.62%. The dividend payout ratio of HomeStreet is 35.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HomeStreet will have a dividend payout ratio of 17.96% next year. This indicates that HomeStreet will be able to sustain or increase its dividend.
View HomeStreet's dividend history.

What price target have analysts set for HMST?

5 brokerages have issued 12-month price objectives for HomeStreet's stock. Their forecasts range from $27.00 to $42.00. On average, they expect HomeStreet's share price to reach $34.20 in the next year. This suggests that the stock has a possible downside of 6.9%.
View analysts' price targets for HomeStreet or view Wall Street analyst' top-rated stocks.

Who are some of HomeStreet's key competitors?

Some companies that are related to HomeStreet include People's United Financial (PBCT), TFS Financial (TFSL), New York Community Bancorp (NYCB), LendingTree (TREE), MGIC Investment (MTG), Radian Group (RDN), Walker & Dunlop (WD), The Simply Good Foods (SMPL), WSFS Financial (WSFS), Washington Federal (WAFD), Capitol Federal Financial (CFFN), Northwest Bancshares (NWBI), Provident Financial Services (PFS), OceanFirst Financial (OCFC) and Brookline Bancorp (BRKL).
View all of HMST's 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 plc (ABF.L) (ABF), Chaarat Gold Holdings Limited (CGH.L) (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, Exec. Chairman, Pres & CEO (Age 60, Pay $1.19M)
Mr. Darrell S. van Amen, Chief Investment Officer, Exec. VP & Treasurer (Age 54, Pay $514.14k)
Mr. Godfrey B. Evans, Chief Admin. Officer, Exec. VP, Gen. Counsel & Corp. Sec. (Age 66, Pay $460.1k)
Mr. William D. Endresen, Commercial Capital Pres & Exec. VP of Commercial Real Estate of Homestreet Bank (Age 65, Pay $1.18M)
Mr. John Matthias Michel, Exec. VP & CFO (Age 60)
Mr. Troy D. Harper, Exec. VP & Chief Information Officer (Age 52)
Mr. Gerhard Erdelji, Investor Relations Officer
Ms. Pamela J. Taylor, Exec. VP & HR Director (Age 68)
Mr. Jay C. Iseman, Exec. VP & Chief Credit Officer (Age 60)
Mr. Richard W. H. Bennion, Exec. VP (Age 70)

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 retail and institutional investors. Top institutional shareholders include State of Alaska Department of Revenue (0.08%), First Hawaiian Bank (0.05%), Louisiana State Employees Retirement System (0.05%) and Founders Capital Management (0.00%). Company insiders that own HomeStreet stock include Amen Darrell Van, David A Ederer, Douglas Irvine Smith, Godfrey B Evans, James R Mitchell, Jeffrey D Green, John Michel, Mark R Ruh, Mark Robert Patterson, Nancy D Pellegrino, Sandra A Cavanaugh, Troy Harper and Victor H Indiek.
View institutional ownership trends for HomeStreet.

Which major investors are selling HomeStreet stock?

HMST stock was sold by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, and Louisiana State Employees Retirement System.
View insider buying and selling activity for HomeStreet or view top insider-selling stocks.

Which major investors are buying HomeStreet stock?

HMST stock was acquired by a variety of institutional investors in the last quarter, including First Hawaiian Bank, and Founders Capital Management. 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, Jeffrey D Green, John Michel, Mark R Ruh, Mark Robert Patterson, Nancy D Pellegrino, Sandra A Cavanaugh, and Troy Harper.
View insider buying and selling activity for HomeStreet or or view top insider-buying stocks.

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 WeBull, 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 $36.72.

How big of a company is HomeStreet?

HomeStreet has a market capitalization of $800.06 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 1/25/2021 by MarketBeat.com Staff

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