Q3 2024 EPS Estimates for HomeStreet, Inc. Reduced by Analyst (NASDAQ:HMST)

HomeStreet, Inc. (NASDAQ:HMST) – Investment analysts at Wedbush decreased their Q3 2024 earnings estimates for shares of HomeStreet in a report issued on Tuesday, July 30th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will earn ($0.13) per share for the quarter, down from their prior estimate of $0.02. The consensus estimate for HomeStreet’s current full-year earnings is ($0.87) per share. Wedbush also issued estimates for HomeStreet’s Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.70) EPS and Q1 2025 earnings at ($0.06) EPS.

HMST has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised their target price on HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price objective on the stock in a research note on Thursday, June 20th. Finally, StockNews.com started coverage on shares of HomeStreet in a research note on Sunday, July 28th. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, HomeStreet has an average rating of “Hold” and a consensus price target of $12.25.

HomeStreet Stock Down 0.6 %

NASDAQ:HMST opened at $14.11 on Friday. The stock’s fifty day simple moving average is $11.25 and its 200-day simple moving average is $12.53. The firm has a market capitalization of $266.11 million, a P/E ratio of -6.62 and a beta of 1.38. The company has a quick ratio of 1.17, a current ratio of 1.14 and a debt-to-equity ratio of 4.06. HomeStreet has a 12-month low of $4.20 and a 12-month high of $15.82.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.01. The business had revenue of $114.35 million for the quarter, compared to analyst estimates of $43.33 million. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%.

Institutional Investors Weigh In On HomeStreet

Several large investors have recently modified their holdings of HMST. CWM LLC grew its position in shares of HomeStreet by 2,222.2% in the 4th quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 3,400 shares during the period. AJOVista LLC acquired a new position in shares of HomeStreet in the fourth quarter valued at approximately $38,000. Tower Research Capital LLC TRC increased its position in shares of HomeStreet by 132.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 2,503 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of HomeStreet during the fourth quarter worth $129,000. Finally, EMC Capital Management raised its holdings in shares of HomeStreet by 16.2% during the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 1,201 shares during the period. 74.71% of the stock is currently owned by institutional investors.

HomeStreet Company Profile

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.