Media coverage about HomeStreet (NASDAQ:HMST) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public 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 0.16 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 47.7269789830931 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
HMST has been the subject of a number of recent analyst reports. BidaskClub downgraded HomeStreet from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. B. Riley raised HomeStreet from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $30.00 to $35.00 in a report on Monday, June 11th. DA Davidson decreased their price target on HomeStreet to $28.00 and set a “neutral” rating for the company in a report on Wednesday, April 25th. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a report on Thursday, April 26th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $29.00 target price on shares of HomeStreet in a report on Wednesday, April 25th. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $31.17.
NASDAQ HMST traded up $0.20 on Friday, hitting $30.10. 55,243 shares of the company’s stock were exchanged, compared to its average volume of 121,513. The company has a current ratio of 1.06, a quick ratio of 0.96 and a debt-to-equity ratio of 1.65. HomeStreet has a fifty-two week low of $24.00 and a fifty-two week high of $32.60. The stock has a market capitalization of $806.61 million, a price-to-earnings ratio of 17.49, a PEG ratio of 1.95 and a beta of 0.39.
HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, July 23rd. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.11. HomeStreet had a return on equity of 6.66% and a net margin of 11.40%. The company had revenue of $120.39 million for the quarter, compared to analysts’ expectations of $119.61 million. During the same quarter in the previous year, the firm posted $0.42 EPS. equities analysts forecast that HomeStreet will post 1.53 earnings per share for the current fiscal year.
In other news, EVP Edward Schultz sold 11,644 shares of the business’s stock in a transaction that occurred on Friday, July 27th. The stock was sold at an average price of $29.48, for a total transaction of $343,265.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.64% of the stock is owned by insiders.
HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.
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