HomeStreet, Inc. (NASDAQ:HMST) – Equities research analysts at DA Davidson issued their Q1 2018 EPS estimates for HomeStreet in a research report issued on Tuesday. DA Davidson analyst J. Rulis expects that the financial services provider will post earnings per share of $0.54 for the quarter. DA Davidson also issued estimates for HomeStreet’s Q4 2018 earnings at $0.35 EPS.

A number of other equities analysts also recently weighed in on HMST. BidaskClub downgraded HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, August 7th. ValuEngine downgraded HomeStreet from a “buy” rating to a “hold” rating in a report on Monday. FBR & Co reiterated a “hold” rating on shares of HomeStreet in a report on Tuesday. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a report on Friday, July 14th. Finally, Zacks Investment Research downgraded HomeStreet from a “hold” rating to a “sell” rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.08.

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HomeStreet (NASDAQ HMST) traded up 1.499% during midday trading on Thursday, reaching $28.775. 57,311 shares of the company were exchanged. The firm’s 50-day moving average price is $25.62 and its 200 day moving average price is $26.67. The stock has a market capitalization of $773.59 million, a price-to-earnings ratio of 14.956 and a beta of 0.06. HomeStreet has a 52-week low of $24.00 and a 52-week high of $33.70.

HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $143.41 million. During the same quarter in the previous year, the firm posted $0.90 earnings per share.

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in HomeStreet by 6.8% in the second quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock worth $94,035,000 after buying an additional 215,443 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in HomeStreet by 12.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,214,492 shares of the financial services provider’s stock worth $61,286,000 after buying an additional 240,299 shares during the last quarter. Vanguard Group Inc. increased its holdings in HomeStreet by 8.9% in the second quarter. Vanguard Group Inc. now owns 1,407,312 shares of the financial services provider’s stock worth $38,947,000 after buying an additional 115,204 shares during the last quarter. Alliancebernstein L.P. increased its holdings in HomeStreet by 13.1% in the second quarter. Alliancebernstein L.P. now owns 824,562 shares of the financial services provider’s stock worth $22,820,000 after buying an additional 95,620 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in HomeStreet by 120.1% in the second quarter. Victory Capital Management Inc. now owns 812,090 shares of the financial services provider’s stock worth $22,475,000 after buying an additional 443,105 shares during the last quarter. Hedge funds and other institutional investors own 83.89% of the company’s stock.

About HomeStreet

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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