For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, HomeStreet Inc’s stock clocked out at $10.97, down -10.45% from its previous closing price of $12.25. In other words, the price has decreased by -$10.45 from its previous closing price. On the day, 0.61 million shares were traded. HMST stock price reached its highest trading level at $12.07 during the session, while it also had its lowest trading level at $10.305.
Ratios:
To gain a deeper understanding of HMST’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 3.72 whereas as Long-Term Debt/Eq ratio is at 2.23.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wedbush on April 26, 2023, Downgraded its rating to Neutral and sets its target price to $12 from $21 previously.
On February 01, 2023, Piper Sandler Upgraded its rating to Neutral which previously was Underweight and also upped its target price recommendation from $24 to $28.
Keefe Bruyette Downgraded its Outperform to Mkt Perform on January 31, 2023, whereas the target price for the stock was revised from $38 to $29.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Harrell Joanne R bought 1,685 shares for $14.87 per share. The transaction valued at 25,052 led to the insider holds 14,907 shares of the business.
MICHEL JOHN bought 10,000 shares of HMST for $59,880 on May 12 ’23. The EVP, Chief Financial Officer now owns 50,000 shares after completing the transaction at $5.99 per share. On May 05 ’23, another insider, Hand Erik D, who serves as the EVP, Mortgage Lending Director of the company, bought 3,167 shares for $6.25 each. As a result, the insider paid 19,794 and bolstered with 12,158 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 206867872 and an Enterprise Value of 2205397504. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.38. Its current Enterprise Value per Revenue stands at 11.502.
Stock Price History:
The Beta on a monthly basis for HMST is 1.35, which has changed by 0.8436974 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, HMST has reached a high of $15.82, while it has fallen to a 52-week low of $4.20. The 50-Day Moving Average of the stock is -21.23%, while the 200-Day Moving Average is calculated to be 6.54%.
Shares Statistics:
It appears that HMST traded 173.90K shares on average per day over the past three months and 200410 shares per day over the past ten days. A total of 18.81M shares are outstanding, with a floating share count of 17.45M. Insiders hold about 7.46% of the company’s shares, while institutions hold 81.27% stake in the company. Shares short for HMST as of 1713139200 were 549395 with a Short Ratio of 3.16, compared to 1710460800 on 596200. Therefore, it implies a Short% of Shares Outstanding of 549395 and a Short% of Float of 3.61.
Dividends & Splits
With its trailing 12-month dividend rate of 0.3, HMST has a forward annual dividend rate of 0.30. Against a Trailing Annual Dividend Yield of 0.024489798
Earnings Estimates
The current assessment of HomeStreet Inc (HMST) involves the perspectives of 4.0 analysts closely monitoring its market dynamics.On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.01 and a low estimate of -$0.08, while EPS last year was -$1.67. The consensus estimate for the next quarter is $0.03, with high estimates of $0.11 and low estimates of -$0.04.
Analysts are recommending an EPS of between $0.15 and -$0.22 for the fiscal current year, implying an average EPS of -$0.02. EPS for the following year is $0.93, with 4.0 analysts recommending between $1.29 and $0.67.
Revenue Estimates
For the next quarter, 3 analysts are estimating revenue of $49.32M. There is a high estimate of $50.89M for the next quarter, whereas the lowest estimate is $48.26M.
A total of 3 analysts have provided revenue estimates for HMST’s current fiscal year. The highest revenue estimate was $200.59M, while the lowest revenue estimate was $192.3M, resulting in an average revenue estimate of $195.2M. In the same quarter a year ago, actual revenue was $208.67MBased on 3 analysts’ estimates, the company’s revenue will be $221.43M in the next fiscal year. The high estimate is $235.4M and the low estimate is $214.3M.
