Earnings results for HomeStreet (NASDAQ:HMST)
Estimate Momentum measures change in analyst sentiment over time and may be an indicator of future price movements. The Change in Consensus chart shows the current, 1 week ago, and 1 month ago consensus earnings per share (EPS*) forecasts. For the fiscal quarter endingJun 2020 , the consensus EPS* forecast has remained the same over the past week at 0.35 and decreased over the past month from 0.38 to 0.35(7.89%). Of the 3 analysts making quarterly forecasts, 1raised and 1 lowered their forecast. For the fiscal year ending Dec 2020 , the consensus EPS* forecast has remained the same over the past week at 1.5 and decreased over the past month from 1.58 to 1.5(5.06%). Of the 3 analysts making yearly forecasts, 1raised and 2 lowered their forecast.
HomeStreet last issued its earnings data on April 27th, 2020. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The business had revenue of $78.06 million for the quarter, compared to the consensus estimate of $63.57 million. HomeStreet has generated $1.70 earnings per share over the last year and currently has a price-to-earnings ratio of 22.3. HomeStreet has confirmed that its next quarterly earnings report will be published on Monday, July 27th, 2020. HomeStreet will be holding an earnings conference call on Friday, July 31st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.
Analyst Opinion on HomeStreet (NASDAQ:HMST)
5 Wall Street analysts have issued ratings and price targets for HomeStreet in the last 12 months. Their average twelve-month price target is $30.40, suggesting that the stock has a possible upside of 26.40%. The high price target for HMST is $35.00 and the low price target for HMST is $27.00. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of “Hold.”
HomeStreet has received a consensus rating of Hold. The company’s average rating score is 2.40, and is based on 2 buy ratings, 3 hold ratings, and no sell ratings. According to analysts’ consensus price target of $30.40, HomeStreet has a potential upside of 26.4% from its current price of $24.05. HomeStreet has only been the subject of 1 research reports in the past 90 days.
Dividend Strength: HomeStreet (NASDAQ:HMST)
HomeStreet pays a meaningful dividend of 2.49%, higher than the bottom 25% of all stocks that pay dividends. HomeStreet does not have a long track record of dividend growth. The dividend payout ratio of HomeStreet is 35.29%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, HomeStreet will have a dividend payout ratio of 31.09% next year. This indicates that HomeStreet will be able to sustain or increase its dividend.
Insiders buying/selling: HomeStreet (NASDAQ:HMST)
In the past three months, HomeStreet insiders have bought 63.51% more of their company’s stock than they have sold. Specifically, they have bought $130,321.00 in company stock and sold $79,702.00 in company stock. Only 3.62% of the stock of HomeStreet is held by insiders. 84.63% of the stock of HomeStreet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of HomeStreet (NASDAQ:HMST
Earnings for HomeStreet are expected to grow by 28.67% in the coming year, from $1.50 to $1.93 per share. The P/E ratio of HomeStreet is 22.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.68. The P/E ratio of HomeStreet is 22.27, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 16.95. HomeStreet has a P/B Ratio of 0.86. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.
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