HomeStreet Inc. (NASDAQ: HMST) is -27.62% lower on its value in year-to-date trading and has touched a low of $18.44 and a high of $35.44 in the current 52-week trading range. The HMST stock was last observed hovering at around $24.05 in the last trading session, with the day’s gains setting it 0.56% off its average median price target of $29.00 for the next 12 months. It is also 15.14% off the consensus price target high of $29.00 offered by 6 analysts, but current levels are 1.56% higher than the price target low of $25.00 for the same period.
Currently trading at $24.61, the stock is 0.95% and 4.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.17 million and changing 2.33% at the moment leaves the stock -11.32% off its SMA200. HMST registered -17.25% loss for a year compared to 6-month loss of -27.64%. The firm has a 50-day simple moving average (SMA 50) of $23.60 and a 200-day simple moving average (SMA200) of $26.78.
The stock witnessed a 3.71% gain in the last 1 month and extending the period to 3 months gives it a 10.71%, and is 4.37% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.00% over the week and 4.48% over the month.
HomeStreet Inc. (HMST) has around 1071 employees, a market worth around $599.25M and $272.70M in sales. Current P/E ratio is 14.27 and Fwd P/E is 12.05. Profit margin for the company is 9.70%. Distance from 52-week low is 33.46% and -30.56% from its 52-week high. The company has generated returns on investments over the last 12 months (19.40%).
HomeStreet Inc. (HMST) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for HomeStreet Inc. (HMST) is a “Overweight”. 6 analysts offering their recommendations for the stock have an average rating of 2.60, where 4 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
HomeStreet Inc. is expected to release its quarterly report on 07/30/2020 and quarterly earnings per share for the current quarter are estimated at $0.35 with sales reaching $76.73M over the same period.The EPS is expected to grow by 101.30% this year, but quarterly earnings will post 15.00% year-over-year. Quarterly sales are estimated to grow 19.20% in year-over-year returns.
HomeStreet Inc. (HMST) Top Institutional Holders
234 institutions hold shares in HomeStreet Inc. (HMST), with 680.12k shares held by insiders accounting for 2.91% while institutional investors hold 91.51% of the company’s shares. The shares outstanding are 23.69M, and float is at 22.70M with Short Float at 1.62%. Institutions hold 88.85% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 3.46 million shares valued at $76.97 million. The investor’s holdings represent 14.80% of the HMST Shares outstanding. As of Mar 30, 2020, the second largest holder is Russell Investments Group, Ltd. with 2.18 million shares valued at $48.4 million to account for 9.31% of the shares outstanding. The other top investors are Dimensional Fund Advisors LP which holds 2.08 million shares representing 8.90% and valued at over $46.28 million, while Vanguard Group, Inc. (The) holds 6.81% of the shares totaling 1.59 million with a market value of $35.41 million.
HomeStreet Inc. (HMST) Insider Activity
A total of 97 insider transactions have happened at HomeStreet Inc. (HMST) in the last six months, with sales accounting for 27 and purchases happening 70 times. The most recent transaction is an insider purchase by Patterson Mark Robert, the company’s Director. SEC filings show that Patterson Mark Robert bought 10,000 shares of the company’s common stock on Jun 15 at a price of $22.90 per share for a total of $0.23 million. Following the purchase, the insider now owns 0.12 million shares.
HomeStreet Inc. disclosed in a document filed with the SEC on Jun 15 that Patterson Mark Robert (Director) bought a total of 5,000 shares of the company’s common stock. The trade occurred on Jun 15 and was made at $23.05 per share for $0.12 million. Following the transaction, the insider now directly holds 13253.0 shares of the HMST stock.
Still, SEC filings show that on Jun 05, EVANS GODFREY B (EVP – General Counsel) disposed off 2,321 shares at an average price of $26.66 for $61878.0. The insider now directly holds 46,127 shares of HomeStreet Inc. (HMST).
HomeStreet Inc. (HMST): Who are the competitors?
The company’s main competitors (and peers) include United Bankshares Inc. (UBSI) that is trading -25.53% down over the past 12 months. Flagstar Bancorp Inc. (FBC) is -11.70% down on the 1-year trading charts. Short interest in the company’s stock has risen 16.78% from the last report on May 14, 2020 to stand at a total of 0.31 million short shares sold with a short interest ratio of 1.96.