NASDAQ:HMSTHomeStreet Stock Price, Forecast & News

$20.53

-1.22 (-5.61 %)

(As of 04/3/2020 04:00 PM ET)

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Today's Range

$20.02

Now: $20.53▼

$21.70

50-Day Range

$19.31

MA: $25.77▼

$33.39

52-Week Range

$18.44

Now: $20.53▼

$35.44

Volume175,773 shs

Average Volume257,477 shs

Market Capitalization$486.36 million

P/E Ratio28.51

Dividend Yield2.76%

Beta1.03

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 2.60, 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 $32.40, HomeStreet has a potential upside of 57.8% from its current price of $20.53.
Amount of Analyst Coverage
HomeStreet has only been the subject of 4 research reports in the past 90 days.

2.1 Community Rank

Outperform Votes
HomeStreet has received 244 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
HomeStreet has received 324 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
HomeStreet has received 57.04% “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 2.76%, 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 23.08 % 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 more of their company's stock than they have sold. Specifically, they have bought $328,025.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 1.64% of the stock of HomeStreet is held by insiders.
Percentage Held by Institutions
86.50% 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 grow by 18.18% in the coming year, from $2.20 to $2.60 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of HomeStreet is 28.51, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.04.
Price to Earnings Ratio vs. Sector
The P/E ratio of HomeStreet is 28.51, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 11.40.
Price to Book Value per Share Ratio
HomeStreet has a P/B Ratio of 0.74. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.80 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

Webhttp://www.homestreet.com/

Phone206-623-3050

Debt

Debt-to-Equity Ratio0.69

Current Ratio0.96

Quick Ratio0.93

Price-To-Earnings

Trailing P/E Ratio28.51

Forward P/E Ratio9.33

P/E GrowthN/A

Sales & Book Value

Annual Sales$352.04 million

Price / Sales1.38

Cash Flow$3.25 per share

Price / Cash Flow6.32

Book Value$27.84 per share

Price / Book0.74

Profitability

EPS (Most Recent Fiscal Year)$1.70

Net Income$17.51 million

Net Margins4.97%

Return on Equity5.74%

Return on Assets0.57%

Miscellaneous

Employees1,071

Outstanding Shares23,690,000

Market Cap$486.36 million

Next Earnings Date5/5/2020 (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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, HMST stock has decreased by 12.0% and is now trading at $20.53. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of HomeStreet?

5 Wall Street 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, 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 Tuesday, May 5th 2020. View our earnings forecast for HomeStreet.

How were HomeStreet's earnings last quarter?

HomeStreet Inc (NASDAQ:HMST) announced its quarterly earnings data on Monday, January, 27th. The financial services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.43 by $0.18. The financial services provider had revenue of $67.44 million for the quarter, compared to analysts' expectations of $64.59 million. HomeStreet had a return on equity of 5.74% and a net margin of 4.97%. During the same period in the prior year, the company earned $0.36 earnings per share. View HomeStreet's earnings history.

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

HomeStreet declared a quarterly dividend on Tuesday, January 28th. Investors of record on Wednesday, February 5th will be paid a dividend of $0.15 per share on Friday, February 21st. This represents a $0.60 dividend on an annualized basis and a yield of 2.92%. The ex-dividend date of this dividend is Tuesday, February 4th. This is an increase from HomeStreet's previous quarterly dividend of $0.11. View HomeStreet's dividend history.

What price target have analysts set for HMST?

5 brokers have issued 12-month price targets for HomeStreet's shares. Their forecasts range from $27.00 to $36.00. On average, they anticipate HomeStreet's share price to reach $32.40 in the next year. This suggests a possible upside of 57.8% from the stock's current price. View analysts' price targets for HomeStreet.

Has HomeStreet been receiving favorable news coverage?

News stories about HMST stock have trended very negative on Saturday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. HomeStreet earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news aboutHomeStreet.

Are investors shorting HomeStreet?

HomeStreet saw a decline in short interest in the month of February. As of February 28th, there was short interest totaling 452,900 shares, a decline of 8.6% from the February 13th total of 495,600 shares. Based on an average trading volume of 166,000 shares, the days-to-cover ratio is presently 2.7 days. Currently, 2.0% 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), Radian Group (RDN), MGIC Investment (MTG), Lendingtree (TREE), Washington Federal (WAFD), Simply Good Foods (SMPL), Capitol Federal Financial (CFFN), WSFS Financial (WSFS), Northwest Bancshares (NWBI), Walker & Dunlop (WD), OceanFirst Financial (OCFC), Provident Financial Services (PFS) and Oritani Financial (ORIT).

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), VBI Vaccines (VBIV), First Data (FDC), 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."

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 $20.53.

How big of a company is HomeStreet?

HomeStreet has a market capitalization of $486.36 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. View additional information about HomeStreet.

What is HomeStreet's official website?

The official website for HomeStreet is http://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 4/4/2020 by MarketBeat.com Staff

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NASDAQ:HMSTHomeStreet Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

3.3 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.1 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment