Equities analysts predict that HomeStreet Inc (NASDAQ:HMST) will report $103.37 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for HomeStreet’s earnings. The highest sales estimate is $106.07 million and the lowest is $101.94 million. HomeStreet reported sales of $123.88 million during the same quarter last year, which would suggest a negative year over year growth rate of 16.6%. The business is expected to announce its next quarterly earnings results on Monday, January 28th.

On average, analysts expect that HomeStreet will report full year sales of $443.53 million for the current year, with estimates ranging from $441.37 million to $447.63 million. For the next fiscal year, analysts forecast that the business will report sales of $463.01 million, with estimates ranging from $450.62 million to $470.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow HomeStreet.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, October 22nd. The financial services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The company had revenue of $109.75 million during the quarter, compared to analyst estimates of $114.14 million. HomeStreet had a return on equity of 5.94% and a net margin of 11.41%. During the same period in the prior year, the business posted $0.51 earnings per share.

Several research analysts recently weighed in on HMST shares. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. Zacks Investment Research lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 17th. BidaskClub lowered HomeStreet from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. TheStreet upgraded HomeStreet from a “c+” rating to a “b” rating in a research report on Wednesday, October 31st. Finally, B. Riley set a $36.00 price objective on HomeStreet and gave the stock a “buy” rating in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $31.33.

In other HomeStreet news, EVP Mary L. Vincent sold 8,459 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $29.57, for a total transaction of $250,132.63. Following the transaction, the executive vice president now directly owns 14,123 shares in the company, valued at $417,617.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.64% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in HMST. Acadian Asset Management LLC acquired a new position in HomeStreet during the third quarter worth $163,000. Piedmont Investment Advisors LLC acquired a new position in HomeStreet during the second quarter worth $172,000. FNY Investment Advisers LLC acquired a new position in HomeStreet during the second quarter worth $175,000. Pinnacle Associates Ltd. acquired a new position in HomeStreet during the second quarter worth $205,000. Finally, Citadel Advisors LLC acquired a new position in HomeStreet during the third quarter worth $212,000. Institutional investors own 80.79% of the company’s stock.

Shares of HomeStreet stock opened at $26.37 on Friday. The company has a market capitalization of $707.73 million, a P/E ratio of 15.70, a price-to-earnings-growth ratio of 2.45 and a beta of 0.35. HomeStreet has a fifty-two week low of $24.50 and a fifty-two week high of $32.60. The company has a quick ratio of 0.95, a current ratio of 1.02 and a debt-to-equity ratio of 1.32.

About HomeStreet

HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.

See Also: What is the float in trading stocks?

Get a free copy of the Zacks research report on HomeStreet (HMST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for HomeStreet (NASDAQ:HMST)

Receive News & Ratings for HomeStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet and related companies with MarketBeat.com's FREE daily email newsletter.