HomeStreetHMST
HMST
About: HomeStreet Inc is a commercial bank. It provides commercial loans and consumer loans including mortgage loans, deposit products, private banking, and cash management services. The company loan products include commercial business loans and agriculture loans, consumer loans, single family residential mortgages, loans secured by commercial real estate and construction loans for residential and commercial real estate projects.
Employees: 819
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 8
34% more capital invested
Capital invested by funds: $172M [Q2] → $230M (+$57.8M) [Q3]
33% more funds holding in top 10
Funds holding in top 10: 3 [Q2] → 4 (+1) [Q3]
3% more funds holding
Funds holding: 101 [Q2] → 104 (+3) [Q3]
8% less repeat investments, than reductions
Existing positions increased: 34 | Existing positions reduced: 37
2.82% less ownership
Funds ownership: 80.08% [Q2] → 77.26% (-2.82%) [Q3]
65% less call options, than puts
Call options by funds: $88K | Put options by funds: $248K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$15
38%
upside
Avg. target
$15
38%
upside
High target
$15
38%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Wedbush David Chiaverini 73% 1-year accuracy 36 / 49 met price target | 38%upside $15 | Outperform Maintained | 19 Dec 2024 |
Financial journalist opinion
Negative
Zacks Investment Research
1 month ago
HomeStreet (HMST) Reports Q3 Loss, Lags Revenue Estimates
HomeStreet (HMST) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.12 per share a year ago.
Neutral
Business Wire
1 month ago
FirstSun Capital Bancorp and HomeStreet, Inc. Provide Update on Status of Strategic Merger
DENVER & SEATTLE--(BUSINESS WIRE)--FirstSun Capital Bancorp (NASDAQ: FSUN) (“FirstSun”) and HomeStreet, Inc. (NASDAQ: HMST) (“HomeStreet”) announced that, based on discussions FirstSun and its subsidiary, Sunflower Bank, N.A. (“Sunflower”) have had with the Federal Reserve and the Texas Department of Banking, that regulatory approvals necessary for the mergers with HomeStreet and its subsidiary, HomeStreet Bank to proceed have not been obtained and FirstSun and Sunflower have been asked to with.
Neutral
Business Wire
1 month ago
HomeStreet Schedules Third Quarter 2024 Analyst Earnings Call for Wednesday, October 30, 2024
SEATTLE--(BUSINESS WIRE)--HomeStreet Schedules Third Quarter 2024 Analyst Earnings Call for Wednesday, October 30, 2024.
Neutral
Business Wire
1 month ago
HomeStreet Reports Third Quarter 2024 Results
SEATTLE--(BUSINESS WIRE)--HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended September 30, 2024. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section “Non-GAAP Financial Measures.” Operating Results Third quarter 2024 compared to second quarter 2024.
Neutral
Zacks Investment Research
4 months ago
Compared to Estimates, HomeStreet (HMST) Q2 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for HomeStreet (HMST) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
4 months ago
HomeStreet (HMST) Reports Q2 Loss, Misses Revenue Estimates
HomeStreet (HMST) came out with a quarterly loss of $0.23 per share versus the Zacks Consensus Estimate of a loss of $0.24. This compares to earnings of $0.17 per share a year ago.
Neutral
Business Wire
4 months ago
HomeStreet Reports Second Quarter 2024 Results
SEATTLE--(BUSINESS WIRE)--HomeStreet Reports Second Quarter 2024 Results.
Negative
Zacks Investment Research
5 months ago
Analysts Estimate HomeStreet (HMST) to Report a Decline in Earnings: What to Look Out for
HomeStreet (HMST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Positive
Zacks Investment Research
5 months ago
3 Savings & Loan Stocks to Watch Amid High Interest Rate
The Savings and Loan industry is facing challenges from high interest rates. At the same time, decent loan demand and a stable deposit base will help industry players like Citizens Financial (CFG), WSFS Financial (WSFS) and HomeStreet (HMST) to navigate headwinds.
Neutral
PRNewsWire
5 months ago
Blue Lion Capital Encourages HomeStreet Board to Remove Management Team Change in Control Payments as Part of FSUN Merger
HomeStreet was Encouraged by FirstSun Capital Bancorp Management to Hedge Interest Rate Risk After Merger was Announced in January 2024 but Mark Mason Refused HomeStreet's Profitability and Value Declined as Interest Rates Increased On April 30 th, FirstSun Amended and Lowered the Merger Consideration to HomeStreet Shareholders by $30.5 Million to Reflect HomeStreet's Lower Profitability and Value If Shareholders Receive $30.5 Million Less, Why Should HomeStreet Executives Receive $19.6 Million More Via Change in Control Payments? Last Week, HomeStreet Shareholders Voted Against HomeStreet Management Receiving the Payments Blue Lion Capital Encourages HomeStreet's Board to Do the Right Thing and Remove the Management Team Change in Control Payments as Part of the FirstSun Merger Blue Lion Encourages Shareholders to Contact James Mitchell, HomeStreet's Lead Independent Director DALLAS , June 27, 2024 /PRNewswire/ -- Blue Lion Capital, a Dallas-based investment firm ("Blue Lion") that beneficially owns approximately 1.3% of the stock of HomeStreet, Inc. (Nasdaq: HMST) ("HomeStreet" or the "Company"), has issued a letter to the HomeStreet Board of Directors ("Board") regarding Change in Control (CIC) payments that the Company's management team may receive as part of the FirstSun Capital Bancorp ("FSUN" or "FirstSun") merger.
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