Equities analysts predict that HomeStreet, Inc. (NASDAQ:HMST) will report $1.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for HomeStreet’s earnings, with the highest EPS estimate coming in at $1.16 and the lowest estimate coming in at $1.05. HomeStreet posted earnings of $1.23 per share during the same quarter last year, which would indicate a negative year over year growth rate of 9.8%. The business is scheduled to announce its next earnings report on Monday, October 25th.
According to Zacks, analysts expect that HomeStreet will report full-year earnings of $4.92 per share for the current financial year, with EPS estimates ranging from $4.75 to $5.07. For the next year, analysts expect that the firm will report earnings of $4.10 per share, with EPS estimates ranging from $3.90 to $4.30. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow HomeStreet.
HomeStreet (NASDAQ:HMST) last posted its earnings results on Sunday, July 25th. The financial services provider reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.21. HomeStreet had a net margin of 29.10% and a return on equity of 16.91%.
Shares of HomeStreet stock traded up $0.33 on Wednesday, hitting $36.96. The stock had a trading volume of 997 shares, compared to its average volume of 140,533. The stock has a 50 day moving average of $39.12 and a 200 day moving average of $42.11. HomeStreet has a twelve month low of $24.20 and a twelve month high of $52.46. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.86 and a current ratio of 0.90. The firm has a market capitalization of $768.58 million, a P/E ratio of 7.15 and a beta of 1.00.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 24th. Shareholders of record on Tuesday, August 10th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date was Monday, August 9th. HomeStreet’s dividend payout ratio is presently 25.97%.
In other HomeStreet news, CFO John Michel purchased 8,000 shares of the business’s stock in a transaction on Tuesday, August 3rd. The shares were purchased at an average cost of $37.75 per share, for a total transaction of $302,000.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas Irvine Smith purchased 10,117 shares of the business’s stock in a transaction on Tuesday, August 3rd. The shares were acquired at an average price of $38.46 per share, for a total transaction of $389,099.82. The disclosure for this purchase can be found here. Corporate insiders own 3.80% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new stake in shares of HomeStreet during the 1st quarter valued at $29,000. JPMorgan Chase & Co. boosted its position in shares of HomeStreet by 101.2% during the 1st quarter. JPMorgan Chase & Co. now owns 324,503 shares of the financial services provider’s stock valued at $14,301,000 after acquiring an additional 163,254 shares during the last quarter. IndexIQ Advisors LLC boosted its position in shares of HomeStreet by 3.0% during the 2nd quarter. IndexIQ Advisors LLC now owns 9,180 shares of the financial services provider’s stock valued at $374,000 after acquiring an additional 265 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in HomeStreet by 7.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 221,871 shares of the financial services provider’s stock worth $9,778,000 after buying an additional 16,003 shares during the last quarter. Finally, SG Americas Securities LLC lifted its position in HomeStreet by 225.2% in the 1st quarter. SG Americas Securities LLC now owns 41,117 shares of the financial services provider’s stock worth $1,812,000 after buying an additional 28,473 shares during the last quarter. Institutional investors own 86.64% of the company’s stock.
HomeStreet, Inc is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking.
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