HomeStreet (NASDAQ:HMST – Get Free Report) is anticipated to release its earnings data after the market closes on Monday, January 27th. Analysts expect HomeStreet to post earnings of ($0.22) per share and revenue of $41,310.00 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
HomeStreet Price Performance
Shares of NASDAQ HMST opened at $10.17 on Friday. The firm has a market capitalization of $191.81 million, a P/E ratio of -7.82 and a beta of 1.48. The firm’s 50-day moving average price is $11.08 and its 200-day moving average price is $13.02. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. HomeStreet has a 1-year low of $8.09 and a 1-year high of $16.10.
Analysts Set New Price Targets
HMST has been the topic of a number of research reports. Janney Montgomery Scott downgraded HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Wedbush upped their target price on HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.
Insider Buying and Selling
In other news, CFO John Michel sold 8,000 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.26, for a total value of $90,080.00. Following the completion of the sale, the chief financial officer now owns 28,409 shares in the company, valued at $319,885.34. This represents a 21.97 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP David L. Parr sold 5,210 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $11.53, for a total transaction of $60,071.30. The disclosure for this sale can be found here. Insiders have sold 17,846 shares of company stock worth $203,697 in the last quarter. Insiders own 4.60% of the company’s stock.
About HomeStreet
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.
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