HomeStreet (NASDAQ:HMST) Earns Daily News Sentiment Score of 0.03
News articles about HomeStreet (NASDAQ:HMST) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HomeStreet earned a news impact score of 0.03 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 48.24652160583 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities analysts have recently commented on the stock. Zacks Investment Research cut shares of HomeStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. BidaskClub raised shares of HomeStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $31.00 price target on shares of HomeStreet in a research report on Friday, June 2nd. ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, FIG Partners reaffirmed a “market perform” rating and set a $26.25 price target (down previously from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. HomeStreet has a consensus rating of “Hold” and a consensus target price of $29.45.
Shares of HomeStreet (HMST) traded up 1.86% during trading on Friday, reaching $24.70. 205,328 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $26.61 and a 200-day moving average price of $26.89. HomeStreet has a 52-week low of $23.51 and a 52-week high of $33.70. The company has a market capitalization of $664.03 million, a PE ratio of 12.84 and a beta of 0.05.
HomeStreet (NASDAQ:HMST) last issued its 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 business had revenue of $127.88 million for the quarter, compared to analyst estimates of $143.41 million. During the same quarter last year, the firm posted $0.90 earnings per share. On average, equities analysts forecast that HomeStreet will post $1.56 earnings per share for the current year.
In other news, EVP William Endresen sold 1,000 shares of HomeStreet stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $27.38, for a total transaction of $27,380.00. Following the sale, the executive vice president now directly owns 1,170 shares in the company, valued at approximately $32,034.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.59% of the stock is currently owned by insiders.
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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