Q4 2019 Earnings Forecast for HomeStreet Inc Issued By DA Davidson (NASDAQ:HMST)

HomeStreet Inc (NASDAQ:HMST) – Research analysts at DA Davidson upped their Q4 2019 earnings per share (EPS) estimates for shares of HomeStreet in a report issued on Wednesday, October 23rd. DA Davidson analyst J. Rulis now expects that the financial services provider will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.41. DA Davidson currently has a “Neutral” rating and a $27.00 price target on the stock.

A number of other equities analysts also recently commented on HMST. Zacks Investment Research downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Wednesday, October 9th. TheStreet downgraded shares of HomeStreet from a “b” rating to a “c+” rating in a research report on Monday, August 12th. ValuEngine downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, BidaskClub upgraded shares of HomeStreet from a “sell” rating to a “hold” rating in a research report on Saturday, October 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Shares of HomeStreet stock opened at $30.82 on Friday. The company has a market cap of $751.44 million, a P/E ratio of 20.82 and a beta of 0.66. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.94 and a current ratio of 0.91. HomeStreet has a one year low of $20.50 and a one year high of $35.44. The firm has a fifty day moving average of $27.67 and a two-hundred day moving average of $28.24.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, October 21st. The financial services provider reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.21. The company had revenue of $71.71 million during the quarter, compared to the consensus estimate of $67.04 million. HomeStreet had a net margin of 5.66% and a return on equity of 4.88%. During the same quarter in the prior year, the firm earned $0.45 EPS.

Several institutional investors and hedge funds have recently made changes to their positions in HMST. Meeder Asset Management Inc. increased its holdings in shares of HomeStreet by 170.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,704 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,075 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of HomeStreet in the 2nd quarter valued at about $61,000. Bank of Montreal Can increased its holdings in shares of HomeStreet by 92.4% in the 2nd quarter. Bank of Montreal Can now owns 4,659 shares of the financial services provider’s stock valued at $138,000 after purchasing an additional 2,238 shares in the last quarter. Aperio Group LLC purchased a new position in shares of HomeStreet in the 2nd quarter valued at about $263,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of HomeStreet in the 2nd quarter valued at about $273,000. Institutional investors and hedge funds own 89.15% of the company’s stock.

About HomeStreet

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.

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Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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