HomeStreet (HMST) Receiving Somewhat Favorable Press Coverage, Report Shows
News articles about HomeStreet (NASDAQ:HMST) have been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HomeStreet earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 45.8694310098512 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of HMST stock traded down $0.55 during trading hours on Friday, reaching $29.55. The company’s stock had a trading volume of 58,268 shares, compared to its average volume of 90,932. The company has a market cap of $809.30 million, a PE ratio of 17.59, a P/E/G ratio of 1.95 and a beta of 0.39. HomeStreet has a fifty-two week low of $24.20 and a fifty-two week high of $32.60. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.96 and a current ratio of 1.06.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, July 23rd. The financial services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.11. The firm had revenue of $120.39 million for the quarter, compared to the consensus estimate of $119.61 million. HomeStreet had a return on equity of 6.66% and a net margin of 11.40%. During the same quarter last year, the business posted $0.42 EPS. equities analysts predict that HomeStreet will post 1.53 EPS for the current fiscal year.
In other HomeStreet news, EVP Edward Schultz sold 11,644 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $29.48, for a total value of $343,265.12. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.64% of the company’s stock.
HomeStreet Company Profile
HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.
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