HomeStreet (HMST) Projected to Post Earnings on Monday

HomeStreet (NASDAQ:HMST) is expected to release its earnings data after the market closes on Monday, January 27th. Analysts expect HomeStreet to post earnings of ($0.22) per share and revenue of $41,310.00 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

HomeStreet Stock Performance

NASDAQ:HMST opened at $10.17 on Friday. HomeStreet has a twelve month low of $8.09 and a twelve month high of $16.10. The company has a market cap of $191.81 million, a P/E ratio of -7.82 and a beta of 1.48. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. The company’s 50-day moving average price is $11.08 and its 200-day moving average price is $13.03.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Wedbush upped their target price on HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.

Insider Activity

In related news, Director Joanne R. Harrell acquired 2,146 shares of HomeStreet stock in a transaction that occurred on Tuesday, November 26th. The shares were purchased at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the acquisition, the director now owns 17,053 shares in the company, valued at approximately $198,667.45. This represents a 14.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sidney Craig Tompkins bought 5,000 shares of the stock in a transaction on Tuesday, December 17th. The shares were bought at an average cost of $11.49 per share, with a total value of $57,450.00. Following the purchase, the director now owns 5,000 shares of the company’s stock, valued at $57,450. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 17,846 shares of company stock valued at $203,697 in the last 90 days. Company insiders own 4.60% of the company’s stock.

HomeStreet Company Profile

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.