Media headlines about HomeStreet (NASDAQ:HMST) have trended positive this week, according to Accern Sentiment Analysis. Accern scores the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. HomeStreet earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 75 out of 100, meaning that recent press coverage is likely to have an impact on the stock’s share price in the near future.
Several brokerages recently issued reports on HMST. Keefe, Bruyette & Woods reissued a “buy” rating and set a $31.00 target price on shares of HomeStreet in a research note on Friday, June 2nd. FIG Partners downgraded HomeStreet from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. Finally, Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 28th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $30.25.
HomeStreet (HMST) traded down 1.09% during trading on Tuesday, reaching $27.30. The company’s stock had a trading volume of 182,709 shares. The stock has a 50-day moving average of $27.37 and a 200 day moving average of $28.04. The firm has a market capitalization of $788.01 million, a P/E ratio of 11.55 and a beta of 0.05. HomeStreet has a one year low of $18.74 and a one year high of $33.70.
HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, April 24th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08. HomeStreet had a return on equity of 10.26% and a net margin of 10.46%. The business had revenue of $120.11 million during the quarter, compared to analysts’ expectations of $124.18 million. During the same quarter in the prior year, the firm earned $0.41 earnings per share. On average, equities research analysts predict that HomeStreet will post $2.16 EPS for the current fiscal year.
In other news, EVP David H. Straus bought 1,000 shares of HomeStreet stock in a transaction on Tuesday, May 2nd. The stock was acquired at an average price of $25.53 per share, with a total value of $25,530.00. Following the completion of the acquisition, the executive vice president now directly owns 12,551 shares of the company’s stock, valued at $320,427.03. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 7.59% of the stock is owned by corporate insiders.
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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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