HomeStreet (HMST) Expected to Announce 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. Parties that are interested in registering for the company’s conference call can do so using this link.

HomeStreet Stock Up 0.3 %

HMST stock opened at $10.84 on Monday. The company’s 50 day simple moving average is $11.17 and its 200-day simple moving average is $13.07. The firm has a market capitalization of $204.44 million, a PE ratio of -8.34 and a beta of 1.48. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15. HomeStreet has a 12 month low of $8.09 and a 12 month high of $16.10.

Insider Buying and Selling at HomeStreet

In other news, Director Joanne R. Harrell purchased 2,146 shares of HomeStreet stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of $11.65 per share, with a total value of $25,000.90. Following the completion of the acquisition, the director now owns 17,053 shares in the company, valued at $198,667.45. The trade was a 14.40 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Godfrey B. Evans sold 4,636 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $11.55, for a total transaction of $53,545.80. Following the completion of the sale, the executive vice president now directly owns 67,049 shares in the company, valued at approximately $774,415.95. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,846 shares of company stock worth $203,697 in the last 90 days. 4.60% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on HMST. StockNews.com assumed coverage on HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating on the stock. Wedbush lifted their price target on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, December 19th. Finally, Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report 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.