HomeStreet (HMST) Stock Forecast, Price & News

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

5 equities research analysts have issued 12 month price targets for HomeStreet's stock. Their HMST share price forecasts range from $12.00 to $43.00. On average, they predict the company's share price to reach $29.80 in the next twelve months. This suggests a possible upside of 426.5% 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 shares have decreased by 79.5% and is now trading at $5.66.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our HMST earnings forecast.

HomeStreet, Inc. (NASDAQ:HMST) released its quarterly earnings data on Monday, April, 24th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by $0.15. The financial services provider had revenue of $107.24 million for the quarter, compared to analyst estimates of $62.20 million. HomeStreet had a net margin of 13.29% and a trailing twelve-month return on equity of 9.10%. During the same quarter in the prior year, the firm posted $1.01 EPS.

HomeStreet announced a quarterly dividend on Monday, April 24th. Shareholders of record on Wednesday, May 10th will be paid a dividend of $0.10 per share on Wednesday, May 24th. This represents a $0.40 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date is Tuesday, May 9th.
Read our dividend analysis for HMST.

ETFs with the largest weight of HomeStreet (NASDAQ:HMST) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), First Trust Active Factor Small Cap ETF (AFSM), Invesco S&P SmallCap 600 Pure Value ETF (RZV), First Trust NASDAQ ABA Community Bank Index Fund (QABA), Invesco S&P SmallCap Financials ETF (PSCF), SPDR S&P Regional Banking ETF (KRE).Direxion Daily Regional Banks Bull 3x Shares (DPST) and

HomeStreet (NASDAQ:HMST) pays an annual dividend of $0.40 per share and currently has a dividend yield of 7.09%. HMST has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 14.60%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HMST will have a dividend payout ratio of 29.85% 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 number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.79%), Dimensional Fund Advisors LP (8.22%), State Street Corp (5.10%), LSV Asset Management (4.75%), Hotchkis & Wiley Capital Management LLC (2.65%) and Brandywine Global Investment Management LLC (2.46%). 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, Nancy D Pellegrino, Sandra A Cavanaugh, Scott M Boggs and Troy Harper.
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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 $5.66.

HomeStreet (NASDAQ:HMST) has a market capitalization of $106.24 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 $2.74 on an earnings per share basis.

The company employs 934 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.