Brokerages predict that HomeStreet Inc (NASDAQ:HMST) will post sales of $65.52 million for the current quarter, Zacks reports. Three analysts have provided estimates for HomeStreet’s earnings, with the highest sales estimate coming in at $72.88 million and the lowest estimate coming in at $57.87 million. HomeStreet posted sales of $120.39 million during the same quarter last year, which suggests a negative year over year growth rate of 45.6%. The business is scheduled to issue its next quarterly earnings results after the market closes on Monday, July 22nd.

According to Zacks, analysts expect that HomeStreet will report full-year sales of $252.22 million for the current year, with estimates ranging from $232.03 million to $273.02 million. For the next year, analysts forecast that the firm will post sales of $267.75 million, with estimates ranging from $248.34 million to $278.70 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for HomeStreet.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). The firm had revenue of $55.65 million during the quarter, compared to the consensus estimate of $102.33 million. HomeStreet had a net margin of 7.02% and a return on equity of 5.87%. During the same period in the prior year, the firm earned $0.21 earnings per share.

HMST has been the subject of several research analyst reports. Zacks Investment Research raised HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a report on Thursday, June 6th. TheStreet downgraded UDR from a “b” rating to a “c” rating in a research note on Tuesday, April 30th. DA Davidson started coverage on Business First Bancshares in a research note on Wednesday. They issued a “neutral” rating for the company. Sandler O’Neill upgraded HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, April 5th. Finally, ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $31.88.

In other HomeStreet news, Director Sandra A. Cavanaugh acquired 5,000 shares of HomeStreet stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $28.67 per share, for a total transaction of $143,350.00. Following the completion of the transaction, the director now owns 6,107 shares in the company, valued at approximately $175,087.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Mark R. Ruh acquired 2,000 shares of HomeStreet stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $28.37 per share, with a total value of $56,740.00. Following the completion of the transaction, the chief financial officer now owns 6,617 shares of the company’s stock, valued at approximately $187,724.29. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 9,000 shares of company stock valued at $261,590. 1.64% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Cutler Group LP acquired a new position in shares of HomeStreet during the first quarter worth approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of HomeStreet by 126.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,569 shares of the financial services provider’s stock worth $68,000 after buying an additional 1,437 shares during the period. BNP Paribas Arbitrage SA boosted its position in shares of HomeStreet by 219.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,189 shares of the financial services provider’s stock worth $137,000 after buying an additional 3,564 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of HomeStreet during the fourth quarter worth approximately $166,000. Finally, Metropolitan Life Insurance Co. NY raised its holdings in HomeStreet by 358.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,930 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 6,983 shares in the last quarter. Institutional investors and hedge funds own 81.63% of the company’s stock.

HomeStreet stock traded down $0.16 during midday trading on Thursday, hitting $29.27. The stock had a trading volume of 4,003 shares, compared to its average volume of 170,957. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.02 and a current ratio of 1.03. The company has a market capitalization of $816.86 million, a PE ratio of 19.75, a P/E/G ratio of 2.50 and a beta of 0.67. HomeStreet has a 12 month low of $20.50 and a 12 month high of $31.96. The business’s fifty day moving average is $29.67.

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 Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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