HomeStreet, Inc. (HMST) Posts Earnings Results, Beats Estimates By $0.10 EPS
HomeStreet, Inc. (NASDAQ:HMST) issued its quarterly earnings data on Monday. The financial services provider reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10, Briefing.com reports. The firm had revenue of $134.72 million during the quarter, compared to analyst estimates of $129.90 million. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. During the same quarter last year, the business posted $1.12 earnings per share.
Shares of HomeStreet (HMST) traded down 1.92% on Tuesday, hitting $28.05. The stock had a trading volume of 698,336 shares. The firm’s 50-day moving average price is $26.90 and its 200 day moving average price is $26.83. HomeStreet has a 12 month low of $24.00 and a 12 month high of $33.70. The firm has a market cap of $754.10 million, a P/E ratio of 14.58 and a beta of 0.06.
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A number of brokerages have recently weighed in on HMST. BidaskClub lowered HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods restated a “buy” rating and set a $31.00 price objective on shares of HomeStreet in a research report on Friday, July 14th. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. FBR & Co restated a “hold” rating on shares of HomeStreet in a research report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.08.
HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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