HomeStreet (NASDAQ:HMST) posted its quarterly earnings data on Sunday. The financial services provider reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.18, Fidelity Earnings reports. HomeStreet had a return on equity of 10.39% and a net margin of 16.89%.
NASDAQ HMST traded down $0.14 during trading hours on Tuesday, reaching $36.58. The company’s stock had a trading volume of 9,028 shares, compared to its average volume of 121,968. The firm’s 50-day moving average price is $34.82 and its 200-day moving average price is $30.20. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 0.92. HomeStreet has a 1 year low of $18.44 and a 1 year high of $38.41. The company has a market capitalization of $797.01 million, a price-to-earnings ratio of 13.55 and a beta of 1.06.
In other news, Director Jeffrey D. Green acquired 1,788 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were acquired at an average cost of $33.00 per share, with a total value of $59,004.00. Following the acquisition, the director now directly owns 780 shares of the company’s stock, valued at $25,740. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey D. Green acquired 1,000 shares of the firm’s stock in a transaction dated Monday, December 14th. The shares were purchased at an average cost of $33.00 per share, for a total transaction of $33,000.00. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 24,007 shares of company stock worth $725,791. 3.62% of the stock is owned by insiders.
HMST has been the topic of a number of analyst reports. B. Riley lifted their price objective on HomeStreet from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, January 7th. Keefe, Bruyette & Woods raised HomeStreet from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $33.00 to $39.00 in a research report on Thursday, October 1st. Finally, Zacks Investment Research raised HomeStreet from a “sell” rating to a “hold” rating in a research report on Monday, January 11th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $34.33.
HomeStreet Company Profile
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 Western United States. The company offers deposit and insurance products, private banking and cash management services, and other banking services.
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