HomeStreet (HMST) to Release Quarterly Earnings on Monday

HomeStreet (NASDAQ:HMST) will likely be issuing its quarterly earnings data after the market closes on Monday, January 27th. Analysts expect the company to announce earnings of ($0.22) per share and revenue of $41,310.00 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

HomeStreet Stock Performance

NASDAQ HMST opened at $10.17 on Friday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. The business’s 50 day moving average price is $11.08 and its 200-day moving average price is $13.03. The company has a market cap of $191.81 million, a P/E ratio of -7.82 and a beta of 1.48. HomeStreet has a fifty-two week low of $8.09 and a fifty-two week high of $16.10.

Insider Activity

In related news, CFO John Michel sold 8,000 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.26, for a total transaction of $90,080.00. Following the sale, the chief financial officer now directly owns 28,409 shares of the company’s stock, valued at approximately $319,885.34. This represents a 21.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP David L. Parr sold 5,210 shares of HomeStreet stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $11.53, for a total transaction of $60,071.30. The disclosure for this sale can be found here. Insiders sold a total of 17,846 shares of company stock valued at $203,697 in the last quarter. 4.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wedbush upped their target price on HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th.

About HomeStreet

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.