HomeStreet, Inc. (NASDAQ:HMST) – FIG Partners reduced their Q4 2017 earnings estimates for shares of HomeStreet in a note issued to investors on Tuesday. FIG Partners analyst T. Coffey now forecasts that the financial services provider will earn $0.37 per share for the quarter, down from their prior forecast of $0.38. FIG Partners currently has a “Market Perform” rating and a $26.25 target price on the stock. FIG Partners also issued estimates for HomeStreet’s Q1 2018 earnings at $0.50 EPS, Q4 2018 earnings at $0.63 EPS, Q1 2019 earnings at $0.50 EPS, Q2 2019 earnings at $0.75 EPS, Q3 2019 earnings at $0.70 EPS and FY2019 earnings at $2.59 EPS.

HomeStreet (NASDAQ:HMST) last posted its earnings results on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing the Zacks’ 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 company had revenue of $127.88 million during the quarter, compared to analyst estimates of $143.41 million. During the same period in the previous year, the company earned $0.90 EPS.

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HMST has been the subject of a number of other research reports. 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 report on Wednesday, September 27th. FBR & Co reaffirmed a “hold” rating on shares of HomeStreet in a research report on Tuesday. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. HomeStreet presently has a consensus rating of “Hold” and a consensus price target of $29.08.

HomeStreet (NASDAQ HMST) opened at 27.80 on Thursday. The firm has a market cap of $747.38 million, a PE ratio of 14.45 and a beta of 0.06. HomeStreet has a 52-week low of $24.00 and a 52-week high of $33.70. The firm has a 50-day moving average of $25.51 and a 200-day moving average of $26.65.

Several hedge funds and other institutional investors have recently made changes to their positions in HMST. BlackRock Inc. lifted its holdings in shares of HomeStreet by 13,720.1% during the first quarter. BlackRock Inc. now owns 3,182,357 shares of the financial services provider’s stock valued at $88,945,000 after purchasing an additional 3,159,330 shares during the last quarter. Victory Capital Management Inc. lifted its stake in HomeStreet by 120.1% in the 2nd quarter. Victory Capital Management Inc. now owns 812,090 shares of the financial services provider’s stock worth $22,475,000 after acquiring an additional 443,105 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in HomeStreet by 23.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,974,193 shares of the financial services provider’s stock worth $55,179,000 after acquiring an additional 370,079 shares in the last quarter. Boston Partners purchased a new stake in HomeStreet in the 2nd quarter worth about $7,458,000. Finally, Mendon Capital Advisors Corp purchased a new stake in HomeStreet in the 1st quarter worth about $7,342,000. 83.89% of the stock is owned by institutional investors and hedge funds.

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.

Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

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