FBR & Co Equities Analysts Boost Earnings Estimates for HomeStreet, Inc. (HMST)

HomeStreet, Inc. (NASDAQ:HMST) – Equities research analysts at FBR & Co boosted their Q1 2018 earnings per share estimates for HomeStreet in a research report issued to clients and investors on Tuesday. FBR & Co analyst J. Levi-Ribner now expects that the financial services provider will post earnings of $0.35 per share for the quarter, up from their prior forecast of $0.30. FBR & Co currently has a “Hold” rating on the stock. FBR & Co also issued estimates for HomeStreet’s Q2 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.60 EPS and FY2018 earnings at $2.15 EPS.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.18). HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. The company had revenue of $127.88 million for the quarter, compared to the consensus estimate of $143.41 million. During the same period in the prior year, the firm posted $0.90 EPS.

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Several other equities analysts have also recently commented on HMST. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $31.00 price target on shares of HomeStreet in a research report on Friday, July 14th. Zacks Investment Research cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, FIG Partners reissued a “market perform” rating and issued a $26.25 price target (down previously from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. HomeStreet currently has an average rating of “Hold” and an average target price of $29.08.

HomeStreet (NASDAQ:HMST) remained flat at $28.60 during mid-day trading on Thursday. 28,006 shares of the company traded hands. The company has a 50 day moving average of $26.18 and a 200-day moving average of $26.75. The stock has a market cap of $768.88 million, a PE ratio of 14.86 and a beta of 0.06. HomeStreet has a 52 week low of $24.00 and a 52 week high of $33.70.

A number of hedge funds have recently modified their holdings of HMST. Great West Life Assurance Co. Can boosted its position in HomeStreet by 11.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 34,091 shares of the financial services provider’s stock valued at $951,000 after buying an additional 3,391 shares during the period. Bank of New York Mellon Corp boosted its position in HomeStreet by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 384,520 shares of the financial services provider’s stock valued at $10,747,000 after buying an additional 22,418 shares during the period. Comerica Bank boosted its position in HomeStreet by 13.3% in the 1st quarter. Comerica Bank now owns 28,119 shares of the financial services provider’s stock valued at $754,000 after buying an additional 3,291 shares during the period. Swiss National Bank boosted its position in HomeStreet by 4.2% in the 1st quarter. Swiss National Bank now owns 34,900 shares of the financial services provider’s stock valued at $975,000 after buying an additional 1,400 shares during the period. Finally, Karp Capital Management Corp purchased a new position in HomeStreet in the 1st quarter valued at approximately $293,000. 83.89% of the stock is owned by institutional investors.

HomeStreet Company Profile

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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