HomeStreet Inc (NASDAQ:HMST) – Stock analysts at B. Riley upped their Q1 2019 EPS estimates for shares of HomeStreet in a research note issued on Wednesday, October 24th. B. Riley analyst S. Moss now expects that the financial services provider will earn $0.26 per share for the quarter, up from their previous forecast of $0.23. B. Riley has a “Buy” rating and a $36.00 price target on the stock. B. Riley also issued estimates for HomeStreet’s Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $0.67 EPS, FY2019 earnings at $2.15 EPS, Q2 2020 earnings at $0.68 EPS, Q3 2020 earnings at $0.78 EPS and FY2020 earnings at $2.50 EPS.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. HomeStreet had a net margin of 11.41% and a return on equity of 5.94%. The firm had revenue of $109.75 million for the quarter, compared to analyst estimates of $114.14 million. During the same period last year, the business earned $0.51 EPS.
Shares of NASDAQ:HMST opened at $26.12 on Friday. HomeStreet has a 12 month low of $24.50 and a 12 month high of $32.60. The company has a current ratio of 1.02, a quick ratio of 0.96 and a debt-to-equity ratio of 1.32. The firm has a market cap of $715.70 million, a P/E ratio of 15.55, a P/E/G ratio of 1.82 and a beta of 0.33.
In other HomeStreet news, EVP Mary L. Vincent sold 8,459 shares of HomeStreet stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $29.57, for a total value of $250,132.63. Following the transaction, the executive vice president now directly owns 14,123 shares in the company, valued at $417,617.11. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Principal Financial Group Inc. increased its stake in HomeStreet by 2.5% in the first quarter. Principal Financial Group Inc. now owns 206,124 shares of the financial services provider’s stock valued at $5,905,000 after purchasing an additional 4,952 shares during the period. OppenheimerFunds Inc. increased its stake in HomeStreet by 16.1% in the second quarter. OppenheimerFunds Inc. now owns 12,934 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 1,795 shares during the period. Paloma Partners Management Co acquired a new position in HomeStreet in the second quarter valued at $253,000. Piedmont Investment Advisors LLC acquired a new position in HomeStreet in the second quarter valued at $172,000. Finally, Pinnacle Associates Ltd. acquired a new position in HomeStreet in the second quarter valued at $205,000. Institutional investors own 81.25% of the company’s stock.
HomeStreet, Inc, together with its subsidiaries, provides various financial 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.
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