Analyzing HomeStreet Inc. (HMST)’s quick and current ratios

HomeStreet Inc. (NASDAQ: HMST) closed the day trading at $6.64 down -3.77% from the previous closing price of $6.90. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 526688 shares were traded. HMST stock price reached its highest trading level at $6.89 during the session, while it also had its lowest trading level at $6.41.

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For a better understanding of HMST, let’s look at its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.28.

Upgrades & Downgrades

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 12 when MICHEL JOHN bought 10,000 shares for $5.99 per share. The transaction valued at 59,880 led to the insider holds 50,000 shares of the business.

Hand Erik D bought 3,167 shares of HMST for $19,794 on May 05. The EVP, Mortgage Lending Director now owns 12,158 shares after completing the transaction at $6.25 per share. On May 05, another insider, Endresen William, who serves as the EVP, Comm’l RE & Capital Pres. of the company, bought 1,500 shares for $6.21 each. As a result, the insider paid 9,315 and bolstered with 18,423 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HMST now has a Market Capitalization of 211.51M. As of this moment, HomeStreet’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.42, and their Forward P/E ratio for the next fiscal year is 5.58. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.22.

Stock Price History:

Over the past 52 weeks, HMST has reached a high of $41.34, while it has fallen to a 52-week low of $4.76. The 50-Day Moving Average of the stock is 13.41, while the 200-Day Moving Average is calculated to be 25.12.

Shares Statistics:

Over the past 3-months, HMST traded about 342.51K shares per day on average, while over the past 10 days, HMST traded about 473.15k shares per day. A total of 18.76M shares are outstanding, with a floating share count of 18.00M. Insiders hold about 2.30% of the company’s shares, while institutions hold 90.60% stake in the company. Shares short for HMST as of Apr 27, 2023 were 579.16k with a Short Ratio of 0.58M, compared to 400.7k on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.09% and a Short% of Float of 3.83%.

Dividends & Splits

HMST’s forward annual dividend rate is 0.40, up from 1.40 a year ago. Against a Trailing Annual Dividend Yield of 20.29%, it implies a Forward Annual Dividend Yield of 5.80%. The current Payout Ratio is 50.70% for HMST, which recently paid a dividend on May 23, 2023 with an ex-dividend date of May 08, 2023. Stock splits for the company last occurred on Nov 07, 2012 when the company split stock in a 2:1 ratio.

Earnings Estimates

Current recommendations for the stock of the company come from 4 analysts. On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.26 and a low estimate of $0.14, while EPS last year was $0.94. The consensus estimate for the next quarter is $0.19, with high estimates of $0.27 and low estimates of $0.1.

Analysts are recommending an EPS of between $1.1 and $0.57 for the fiscal current year, implying an average EPS of $0.83. EPS for the following year is $1.19, with 4 analysts recommending between $2.15 and $0.5.

Revenue Estimates

3 analysts predict $56.82M in revenue for the current quarter. It ranges from a high estimate of $57.2M to a low estimate of $56.26M. As of the current estimate, HomeStreet Inc.’s year-ago sales were $73.07M, an estimated decrease of -22.20% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $57.19M, a decrease of -20.60% over than the figure of -$22.20% in the same quarter last year. There is a high estimate of $58M for the next quarter, whereas the lowest estimate is $56.56M.

A total of 3 analysts have provided revenue estimates for HMST’s current fiscal year. The highest revenue estimate was $232M, while the lowest revenue estimate was $229M, resulting in an average revenue estimate of $230.53M. In the same quarter a year ago, actual revenue was $284.88M, down -19.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $244M in the next fiscal year. The high estimate is $258M and the low estimate is $237M. The average revenue growth estimate for next year is up 5.80% from the average revenue estimate for this year.