Q1 2018 EPS Estimates for HomeStreet, Inc. Decreased by Analyst (HMST)
HomeStreet, Inc. (NASDAQ:HMST) – FIG Partners dropped their Q1 2018 earnings estimates for shares of HomeStreet in a report released on Monday. FIG Partners analyst T. Coffey now expects that the financial services provider will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.50. FIG Partners has a “Market Perform” rating and a $26.25 price target on the stock. FIG Partners also issued estimates for HomeStreet’s Q2 2018 earnings at $0.62 EPS, Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $2.19 EPS.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. HomeStreet had a net margin of 6.68% and a return on equity of 6.08%. The firm had revenue of $134.72 million during the quarter, compared to analyst estimates of $129.90 million. During the same quarter last year, the business posted $1.12 EPS.
Several other brokerages also recently commented on HMST. FBR & Co reaffirmed a “hold” rating and issued a $30.00 target price on shares of HomeStreet in a research note on Wednesday, October 25th. BidaskClub downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine raised shares of HomeStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. HomeStreet presently has a consensus rating of “Hold” and a consensus price target of $29.08.
Large investors have recently modified their holdings of the business. SG Americas Securities LLC bought a new stake in HomeStreet in the second quarter valued at approximately $117,000. State of Alaska Department of Revenue increased its stake in HomeStreet by 90.7% in the second quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 2,531 shares in the last quarter. First Interstate Bank increased its stake in HomeStreet by 42.8% in the second quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock valued at $155,000 after purchasing an additional 1,675 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in HomeStreet by 90.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock valued at $235,000 after purchasing an additional 4,040 shares in the last quarter. Finally, Crossmark Global Holdings Inc. bought a new stake in HomeStreet in the third quarter valued at approximately $233,000. 81.74% of the stock is owned by hedge funds and other institutional investors.
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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