HomeStreet (NASDAQ:HMST – Get Free Report) posted its quarterly earnings data on Monday. The financial services provider reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.01, Zacks reports. The firm had revenue of $114.35 million during the quarter, compared to analyst estimates of $43.33 million. HomeStreet had a negative return on equity of 1.87% and a negative net margin of 3.30%.
HomeStreet Trading Up 3.8 %
Shares of HMST stock opened at $14.40 on Wednesday. HomeStreet has a 52-week low of $4.20 and a 52-week high of $15.82. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40. The stock has a fifty day simple moving average of $10.97 and a two-hundred day simple moving average of $12.50.
Analysts Set New Price Targets
HMST has been the subject of several analyst reports. StockNews.com initiated coverage on HomeStreet in a research note on Sunday. They issued a “sell” rating for the company. Janney Montgomery Scott upgraded HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price objective for the company in a research note on Thursday, June 20th. Finally, Keefe, Bruyette & Woods upped their price objective on HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, HomeStreet has a consensus rating of “Hold” and an average target price of $12.25.
About HomeStreet
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.
See Also
- Five stocks we like better than HomeStreet
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Invest Like Congress: 2 ETFs to Add to Your Watchlist
- How to invest in marijuana stocks in 7 steps
- AI Boom or Bubble? Strategies for Success in a Volatile Sector
- Investing in the High PE Growth Stocks
- Oilfield Infrastructure Stock Soars Over 50% on Bold Acquisition
Receive News & Ratings for HomeStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet and related companies with MarketBeat.com's FREE daily email newsletter.
