Q2 2018 EPS Estimates for HomeStreet, Inc. Raised by FIG Partners (HMST)
HomeStreet, Inc. (NASDAQ:HMST) – Research analysts at FIG Partners raised their Q2 2018 earnings estimates for shares of HomeStreet in a research note issued on Tuesday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will post earnings per share of $0.63 for the quarter, up from their prior forecast of $0.57. FIG Partners has a “Market Perform” rating and a $26.25 price target on the stock. FIG Partners also issued estimates for HomeStreet’s Q3 2018 earnings at $0.53 EPS and FY2018 earnings at $2.26 EPS.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.18). HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. The firm had revenue of $127.88 million for the quarter, compared to analyst estimates of $143.41 million. During the same period in the previous year, the firm posted $0.90 EPS. COPYRIGHT VIOLATION WARNING: This article was reported by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of international copyright and trademark law. The correct version of this article can be accessed at https://www.watchlistnews.com/q2-2018-eps-estimates-for-homestreet-inc-raised-by-fig-partners-hmst/1612679.html.
Several other research firms have also recently commented on HMST. BidaskClub cut HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine raised HomeStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. FBR & Co reaffirmed a “hold” rating on shares of HomeStreet in a research note on Tuesday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 price objective on shares of HomeStreet in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $29.08.
HomeStreet (NASDAQ HMST) traded up 0.970% on Friday, reaching $28.625. 62,537 shares of the company’s stock were exchanged. The company has a market capitalization of $769.55 million, a PE ratio of 14.878 and a beta of 0.06. HomeStreet has a 1-year low of $24.00 and a 1-year high of $33.70. The company has a 50 day moving average price of $25.62 and a 200-day moving average price of $26.67.
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC acquired a new position in HomeStreet during the 2nd quarter worth approximately $117,000. State of Alaska Department of Revenue increased its holdings in HomeStreet by 90.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 2,531 shares during the last quarter. First Interstate Bank increased its holdings in HomeStreet by 42.8% during the 2nd quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,675 shares during the last quarter. Mason Street Advisors LLC increased its holdings in HomeStreet by 15.5% during the 1st quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock worth $165,000 after purchasing an additional 789 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in HomeStreet by 90.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 4,040 shares during the last quarter. 83.89% of the stock is currently owned by hedge funds and other institutional investors.
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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