HomeStreet (HMST) to Release Earnings on Monday

HomeStreet (NASDAQ:HMST) will likely be releasing 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

HomeStreet Stock Performance

NASDAQ HMST opened at $10.17 on Friday. The firm’s fifty day moving average price is $11.08 and its two-hundred day moving average price is $13.02. The stock has a market cap of $191.81 million, a PE ratio of -7.82 and a beta of 1.48. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet has a fifty-two week low of $8.09 and a fifty-two week high of $16.10.

Insider Buying and Selling

In other HomeStreet news, EVP Godfrey B. Evans sold 4,636 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $11.55, for a total transaction of $53,545.80. Following the completion of the transaction, the executive vice president now owns 67,049 shares in the company, valued at approximately $774,415.95. This trade represents a 6.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joanne R. Harrell acquired 2,146 shares of HomeStreet stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the completion of the purchase, the director now owns 17,053 shares in the company, valued at approximately $198,667.45. The trade was a 14.40 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold a total of 17,846 shares of company stock valued at $203,697 over the last 90 days. 4.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Wedbush lifted their price target on HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Thursday, December 19th.

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.