FY2018 EPS Estimates for HomeStreet Inc Increased by FIG Partners (HMST)

HomeStreet Inc (NASDAQ:HMST) – Investment analysts at FIG Partners increased their FY2018 earnings per share (EPS) estimates for HomeStreet in a research note issued on Friday. FIG Partners analyst T. Coffey now anticipates that the financial services provider will post earnings of $2.60 per share for the year, up from their prior forecast of $2.47. FIG Partners also issued estimates for HomeStreet’s FY2019 earnings at $3.05 EPS.

Other analysts have also issued reports about the company. ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. FBR & Co restated a “hold” rating on shares of HomeStreet in a report on Tuesday, October 3rd. Zacks Investment Research upgraded HomeStreet from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. BidaskClub lowered HomeStreet from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Finally, B. Riley restated a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $30.06.

Shares of HomeStreet (HMST) traded down $0.55 during trading on Monday, hitting $31.80. The stock had a trading volume of 269,350 shares, compared to its average volume of 218,170. The company has a market capitalization of $869.71, a price-to-earnings ratio of 23.73, a price-to-earnings-growth ratio of 1.46 and a beta of 0.23. HomeStreet has a 12 month low of $24.00 and a 12 month high of $32.60. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. The company had revenue of $134.72 million for the quarter, compared to analyst estimates 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 company posted $1.12 earnings per share.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMST. Schwab Charles Investment Management Inc. raised its holdings in HomeStreet by 25.7% during the second quarter. Schwab Charles Investment Management Inc. now owns 127,936 shares of the financial services provider’s stock worth $3,541,000 after acquiring an additional 26,155 shares in the last quarter. Rhumbline Advisers raised its holdings in HomeStreet by 12.8% during the second quarter. Rhumbline Advisers now owns 55,704 shares of the financial services provider’s stock worth $1,542,000 after acquiring an additional 6,315 shares in the last quarter. SG Americas Securities LLC bought a new stake in HomeStreet during the second quarter worth about $117,000. Legal & General Group Plc raised its holdings in HomeStreet by 19.6% during the second quarter. Legal & General Group Plc now owns 49,766 shares of the financial services provider’s stock worth $1,378,000 after acquiring an additional 8,167 shares in the last quarter. Finally, Comerica Bank raised its holdings in HomeStreet by 2.1% during the second quarter. Comerica Bank now owns 28,709 shares of the financial services provider’s stock worth $795,000 after acquiring an additional 590 shares in the last quarter. Institutional investors and hedge funds own 85.30% of the company’s stock.

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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.

Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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