Wall Street brokerages predict that HomeStreet Inc (NASDAQ:HMST) will announce sales of $122.85 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for HomeStreet’s earnings, with estimates ranging from $121.88 million to $123.70 million. HomeStreet reported sales of $120.11 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The business is expected to report its next quarterly earnings results on Monday, April 23rd.
According to Zacks, analysts expect that HomeStreet will report full year sales of $122.85 million for the current fiscal year, with estimates ranging from $511.20 million to $546.80 million. For the next fiscal year, analysts expect that the company will post sales of $551.64 million per share, with estimates ranging from $533.06 million to $578.30 million. Zacks’ sales averages are an average based on a survey of research firms that cover HomeStreet.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). HomeStreet had a return on equity of 7.26% and a net margin of 12.54%. The firm had revenue of $123.88 million for the quarter, compared to the consensus estimate of $127.13 million. During the same quarter in the previous year, the business posted $0.09 EPS.
HomeStreet (NASDAQ:HMST) opened at $30.95 on Tuesday. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. HomeStreet has a fifty-two week low of $24.00 and a fifty-two week high of $32.60. The stock has a market cap of $826.93, a P/E ratio of 17.18, a price-to-earnings-growth ratio of 1.29 and a beta of 0.28.
In other news, CEO Mark K. Mason sold 6,934 shares of HomeStreet stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $29.53, for a total value of $204,761.02. Following the completion of the sale, the chief executive officer now owns 131,293 shares in the company, valued at approximately $3,877,082.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Godfrey B. Evans sold 965 shares of HomeStreet stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $29.66, for a total transaction of $28,621.90. Following the completion of the sale, the executive vice president now owns 23,783 shares of the company’s stock, valued at approximately $705,403.78. The disclosure for this sale can be found here. Insiders sold a total of 8,631 shares of company stock valued at $255,146 in the last quarter. 1.64% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in HMST. Elkfork Partners LLC bought a new stake in shares of HomeStreet in the 4th quarter valued at $129,000. First Interstate Bank increased its stake in shares of HomeStreet by 34.2% in the 3rd quarter. First Interstate Bank now owns 7,500 shares of the financial services provider’s stock valued at $203,000 after acquiring an additional 1,910 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of HomeStreet in the 3rd quarter valued at $233,000. LMR Partners LLP bought a new stake in shares of HomeStreet in the 3rd quarter valued at $242,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of HomeStreet in the 4th quarter valued at $256,000. Institutional investors own 79.73% of the company’s stock.
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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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