HomeStreet (HMST) Receiving Somewhat Positive News Coverage, Report Finds
News headlines about HomeStreet (NASDAQ:HMST) have been trending somewhat positive on Friday, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. HomeStreet earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.4433036352469 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Miss HomeStreet to Host Rally Celebrating 2017 National Championship Win (finance.yahoo.com)
- HomeStreet, Inc. Forecasted to Earn Q1 2018 Earnings of $0.54 Per Share (HMST) (americanbankingnews.com)
- Q4 2017 EPS Estimates for HomeStreet, Inc. (HMST) Cut by FIG Partners (americanbankingnews.com)
- HomeStreet, Inc. (HMST) Cut to Sell at Zacks Investment Research (americanbankingnews.com)
- DA Davidson Analysts Cut Earnings Estimates for HomeStreet, Inc. (HMST) (americanbankingnews.com)
HomeStreet (HMST) traded up 1.323% during mid-day trading on Friday, hitting $28.725. 53,458 shares of the stock traded hands. The stock’s 50 day moving average is $25.62 and its 200-day moving average is $26.67. The company has a market cap of $772.24 million, a price-to-earnings ratio of 14.930 and a beta of 0.06. HomeStreet has a 12 month low of $24.00 and a 12 month high of $33.70.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.18). The firm had revenue of $127.88 million for the quarter, compared to analysts’ expectations of $143.41 million. HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. During the same period in the previous year, the company posted $0.90 EPS. On average, equities research analysts anticipate that HomeStreet will post $1.56 EPS for the current year.
Several analysts have recently commented on the stock. BidaskClub lowered shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. ValuEngine lowered shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday. FBR & Co reaffirmed a “hold” rating on shares of HomeStreet in a research report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $31.00 price target on shares of HomeStreet in a research report on Friday, July 14th. Finally, Zacks Investment Research lowered shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. HomeStreet currently has an average rating of “Hold” and an average target price of $29.08.
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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.
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