HomeStreet (HMST) Set to Announce Quarterly Earnings on Monday

HomeStreet (NASDAQ:HMSTGet Rating) is scheduled to be releasing its earnings data after the market closes on Monday, April 25th. Analysts expect HomeStreet to post earnings of $0.95 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

HomeStreet (NASDAQ:HMSTGet Rating) last announced its quarterly earnings data on Monday, January 24th. The financial services provider reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.31 by $0.12. HomeStreet had a net margin of 31.69% and a return on equity of 16.28%. The business had revenue of $85.70 million during the quarter, compared to the consensus estimate of $86.26 million. During the same quarter last year, the firm earned $1.47 earnings per share. On average, analysts expect HomeStreet to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

HomeStreet stock opened at $44.36 on Friday. The company has a market capitalization of $829.58 million, a PE ratio of 8.12 and a beta of 0.98. HomeStreet has a fifty-two week low of $36.20 and a fifty-two week high of $57.40. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.88 and a current ratio of 0.91. The company has a 50 day moving average price of $48.61 and a 200-day moving average price of $49.37.

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 23rd. Shareholders of record on Wednesday, February 9th were issued a $0.35 dividend. This is a positive change from HomeStreet’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 3.16%. The ex-dividend date was Tuesday, February 8th. HomeStreet’s payout ratio is currently 25.64%.

In other HomeStreet news, EVP Jay C. Iseman sold 2,904 shares of the stock in a transaction that occurred on Thursday, February 10th. The shares were sold at an average price of $51.54, for a total transaction of $149,672.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in HMST. Goldman Sachs Group Inc. raised its holdings in shares of HomeStreet by 109.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 390,122 shares of the financial services provider’s stock valued at $20,287,000 after purchasing an additional 204,160 shares in the last quarter. Millennium Management LLC raised its holdings in shares of HomeStreet by 64.0% in the 4th quarter. Millennium Management LLC now owns 340,674 shares of the financial services provider’s stock valued at $17,715,000 after purchasing an additional 132,982 shares in the last quarter. State Street Corp raised its holdings in shares of HomeStreet by 18.4% in the 4th quarter. State Street Corp now owns 851,227 shares of the financial services provider’s stock valued at $44,264,000 after purchasing an additional 132,270 shares in the last quarter. Norges Bank acquired a new stake in shares of HomeStreet in the 4th quarter valued at $4,997,000. Finally, Morgan Stanley raised its holdings in shares of HomeStreet by 11.9% in the 2nd quarter. Morgan Stanley now owns 437,805 shares of the financial services provider’s stock valued at $17,835,000 after purchasing an additional 46,650 shares in the last quarter. Institutional investors and hedge funds own 83.47% of the company’s stock.

HMST has been the topic of several recent research reports. StockNews.com assumed coverage on shares of HomeStreet in a report on Thursday, March 31st. They issued a “hold” rating on the stock. B. Riley reduced their price target on shares of HomeStreet from $60.00 to $55.00 in a research report on Tuesday, April 12th. Finally, Zacks Investment Research raised shares of HomeStreet from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Tuesday, April 5th.

HomeStreet Company Profile (Get Rating)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services.

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Earnings History for HomeStreet (NASDAQ:HMST)

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