HomeStreet (HMST) Expected to Announce Quarterly Earnings on Monday

HomeStreet (NASDAQ:HMST) is expected to be releasing its earnings data after the market closes on Monday, January 27th. Analysts expect HomeStreet to post earnings of ($0.22) per share and revenue of $41,310.00 billion for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

HomeStreet Stock Up 0.3 %

NASDAQ:HMST opened at $10.84 on Monday. HomeStreet has a 52 week low of $8.09 and a 52 week high of $16.10. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.94. The stock’s fifty day moving average is $11.17 and its two-hundred day moving average is $13.07. The stock has a market capitalization of $204.44 million, a price-to-earnings ratio of -8.34 and a beta of 1.48.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. StockNews.com initiated coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating for the company. Finally, Wedbush upped their price objective on HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th.

Insider Activity at HomeStreet

In other HomeStreet news, Director Joanne R. Harrell acquired 2,146 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were acquired at an average price of $11.65 per share, for a total transaction of $25,000.90. Following 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 purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO John Michel sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.26, for a total value of $90,080.00. Following the sale, the chief financial officer now owns 28,409 shares of the company’s stock, valued at approximately $319,885.34. The trade was a 21.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,846 shares of company stock valued at $203,697 over the last 90 days. 4.60% of the stock is owned by corporate insiders.

HomeStreet Company Profile

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.