Wall Street analysts expect HomeStreet, Inc. (NASDAQ:HMST) to report $125.36 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for HomeStreet’s earnings. The highest sales estimate is $127.13 million and the lowest is $123.04 million. HomeStreet reported sales of $121.30 million in the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The firm is scheduled to report its next earnings report on Monday, January 22nd.

According to Zacks, analysts expect that HomeStreet will report full-year sales of $125.36 million for the current fiscal year, with estimates ranging from $505.76 million to $508.95 million. For the next financial year, analysts anticipate that the business will report sales of $540.18 million per share, with estimates ranging from $539.17 million to $542.06 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for HomeStreet.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The firm had revenue of $134.72 million during the quarter, compared to analysts’ expectations of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same period in the previous year, the business posted $1.12 EPS.

Several analysts have weighed in on the company. B. Riley reissued a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. FBR & Co restated a “hold” rating and set a $30.00 target price on shares of HomeStreet in a research report on Wednesday, October 25th. Zacks Investment Research lowered HomeStreet from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub lowered HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. 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 stock. The stock has an average rating of “Hold” and an average price target of $29.08.

Several institutional investors have recently bought and sold shares of HMST. SG Americas Securities LLC acquired a new position in shares of HomeStreet in the 2nd quarter valued at approximately $117,000. State of Alaska Department of Revenue grew its position in shares of HomeStreet by 90.7% in the 2nd 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 during the period. First Interstate Bank grew its position in shares of HomeStreet by 42.8% in the 2nd 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 during the period. BNP Paribas Arbitrage SA grew its position in shares of HomeStreet by 90.9% in the 2nd 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 during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in shares of HomeStreet in the 3rd quarter valued at approximately $233,000. Institutional investors own 85.33% of the company’s stock.

Shares of HomeStreet (HMST) opened at $30.70 on Thursday. The firm has a market capitalization of $813.25, a PE ratio of 20.72, a price-to-earnings-growth ratio of 1.83 and a beta of 0.20. HomeStreet has a twelve month low of $24.00 and a twelve month high of $33.70. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19.

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About HomeStreet

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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Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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