Analysts forecast that HomeStreet, Inc. (NASDAQ:HMST) will announce $1.11 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for HomeStreet’s earnings, with estimates ranging from $1.05 to $1.16. HomeStreet reported earnings of $1.23 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 9.8%. The firm is scheduled to announce its next earnings results on Monday, October 25th.
On average, analysts expect that HomeStreet will report full year earnings of $4.92 per share for the current year, with EPS estimates ranging from $4.75 to $5.07. For the next fiscal year, analysts anticipate that the company will report earnings of $4.10 per share, with EPS estimates ranging from $3.90 to $4.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover HomeStreet.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Sunday, July 25th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.21. HomeStreet had a net margin of 29.10% and a return on equity of 16.91%.
In related news, CFO John Michel bought 8,000 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The stock was bought at an average price of $37.75 per share, with a total value of $302,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Douglas Irvine Smith bought 10,117 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The stock was bought at an average cost of $38.46 per share, with a total value of $389,099.82. The disclosure for this purchase can be found here. Insiders own 3.80% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC bought a new stake in shares of HomeStreet during the 1st quarter valued at about $29,000. Royal Bank of Canada grew its position in HomeStreet by 86.9% in the 2nd quarter. Royal Bank of Canada now owns 1,424 shares of the financial services provider’s stock worth $58,000 after purchasing an additional 662 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in HomeStreet by 321.0% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 1,461 shares of the financial services provider’s stock worth $60,000 after purchasing an additional 1,114 shares during the last quarter. Captrust Financial Advisors bought a new position in HomeStreet in the 1st quarter worth about $82,000. Finally, USA Financial Portformulas Corp bought a new position in HomeStreet in the 1st quarter worth about $176,000. 86.64% of the stock is owned by institutional investors and hedge funds.
Shares of HMST traded up $0.33 during mid-day trading on Wednesday, reaching $36.96. 997 shares of the company’s stock were exchanged, compared to its average volume of 140,533. The company has a quick ratio of 0.86, a current ratio of 0.90 and a debt-to-equity ratio of 0.25. The company has a 50-day simple moving average of $39.12 and a two-hundred day simple moving average of $42.11. HomeStreet has a 52-week low of $24.20 and a 52-week high of $52.46. The company has a market cap of $768.58 million, a price-to-earnings ratio of 7.15 and a beta of 1.00.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 24th. Investors of record on Tuesday, August 10th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 9th. This represents a $1.00 annualized dividend and a dividend yield of 2.71%. HomeStreet’s payout ratio is 25.97%.
HomeStreet Company Profile
HomeStreet, Inc is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking.
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