HomeStreet (NASDAQ:HMST) released its quarterly earnings data on Monday. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02), Bloomberg Earnings reports. HomeStreet had a net margin of 6.68% and a return on equity of 6.08%. During the same period in the prior year, the firm earned $0.09 earnings per share.
HomeStreet (NASDAQ:HMST) traded down $0.05 during mid-day trading on Monday, reaching $31.30. The company had a trading volume of 228,661 shares, compared to its average volume of 215,221. The company has a market cap of $836.23, a PE ratio of 23.19, a PEG ratio of 1.34 and a beta of 0.24. HomeStreet has a fifty-two week low of $24.00 and a fifty-two week high of $32.60. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.87 and a quick ratio of 0.73.
HMST has been the topic of several analyst reports. FBR & Co reaffirmed a “hold” rating and issued a $30.00 price objective on shares of HomeStreet in a research report on Wednesday, October 25th. BidaskClub raised HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine raised HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. Finally, B. Riley reaffirmed a “neutral” rating on shares of HomeStreet in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. HomeStreet currently has an average rating of “Buy” and a consensus target price of $30.06.
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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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