Brokerages expect that HomeStreet, Inc. (NASDAQ:HMST) will announce sales of $86.56 million for the current quarter, Zacks reports. Four analysts have issued estimates for HomeStreet’s earnings, with estimates ranging from $83.10 million to $88.20 million. HomeStreet posted sales of $88.10 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.7%. The company is scheduled to report its next earnings report on Monday, July 26th.
On average, analysts expect that HomeStreet will report full year sales of $345.15 million for the current financial year, with estimates ranging from $331.10 million to $356.40 million. For the next fiscal year, analysts expect that the business will report sales of $325.55 million, with estimates ranging from $298.40 million to $343.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow HomeStreet.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Sunday, April 25th. The financial services provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.23. HomeStreet had a return on equity of 10.39% and a net margin of 16.89%.
HMST traded up $0.99 during midday trading on Thursday, hitting $43.17. The company’s stock had a trading volume of 145,520 shares, compared to its average volume of 157,101. HomeStreet has a 52-week low of $19.46 and a 52-week high of $52.46. The firm has a 50-day moving average price of $43.79 and a two-hundred day moving average price of $38.25. The company has a current ratio of 0.94, a quick ratio of 0.87 and a debt-to-equity ratio of 0.92. The firm has a market cap of $921.79 million, a P/E ratio of 15.93 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 26th. Shareholders of record on Tuesday, May 11th will be issued a dividend of $0.25 per share. The ex-dividend date is Monday, May 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.32%. HomeStreet’s dividend payout ratio (DPR) is 58.82%.
In other news, EVP Godfrey B. Evans sold 14,000 shares of the stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $38.34, for a total transaction of $536,760.00. Following the sale, the executive vice president now directly owns 95,006 shares in the company, valued at approximately $3,642,530.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sandra A. Cavanaugh purchased 1,725 shares of the business’s stock in a transaction that occurred on Friday, February 26th. The stock was bought at an average cost of $43.48 per share, for a total transaction of $75,003.00. Following the acquisition, the director now owns 10,089 shares in the company, valued at approximately $438,669.72. The disclosure for this purchase can be found here. Insiders sold a total of 25,746 shares of company stock valued at $1,028,325 over the last ninety days. Company insiders own 3.62% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Founders Capital Management bought a new stake in HomeStreet in the fourth quarter valued at $34,000. Veriti Management LLC acquired a new position in shares of HomeStreet during the fourth quarter worth approximately $35,000. KBC Group NV bought a new stake in HomeStreet during the 4th quarter valued at $107,000. Everence Capital Management Inc. acquired a new position in shares of HomeStreet during the first quarter valued at $256,000. Finally, Engineers Gate Manager LP acquired a new position in HomeStreet during the 4th quarter valued at about $204,000. 83.68% of the stock is currently owned by hedge funds and other institutional investors.
HomeStreet Company Profile
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Western United States. The company offers deposit and insurance products and services. Its loan products include commercial business and agriculture loans, single family residential mortgages, consumer loans, commercial loans secured by residential and commercial real estate, and construction loans for residential and commercial real estate development, as well as consumer installment loans and permanent loans on commercial real estate and single family residences.
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