Somewhat Critical Media Coverage Very Likely to Affect HomeStreet (NASDAQ:HMST) Stock Price

Media stories about HomeStreet (NASDAQ:HMST) have been trending somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. HomeStreet earned a media sentiment score of -0.10 on Accern’s scale. Accern also gave media coverage about the financial services provider an impact score of 90 out of 100, meaning that recent press coverage is very likely to have an effect on the stock’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently weighed in on HMST shares. FIG Partners cut HomeStreet from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. Zacks Investment Research lowered HomeStreet from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 price objective on shares of HomeStreet in a report on Friday, June 2nd. Finally, BidaskClub lowered HomeStreet from a “hold” rating to a “sell” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.45.

HomeStreet (NASDAQ HMST) traded down 1.48% during mid-day trading on Friday, hitting $26.60. The stock had a trading volume of 183,124 shares. The stock has a market capitalization of $767.81 million, a P/E ratio of 11.25 and a beta of 0.07. The company’s 50 day moving average is $27.59 and its 200-day moving average is $27.25. HomeStreet has a 52 week low of $22.08 and a 52 week high of $33.70.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.18. The company had revenue of $127.88 million during the quarter, compared to analysts’ expectations of $143.41 million. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. During the same quarter in the prior year, the business posted $0.90 EPS. On average, analysts expect that HomeStreet will post $1.56 EPS for the current fiscal year.

In related news, EVP William Endresen sold 1,000 shares of HomeStreet stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $27.38, for a total value of $27,380.00. Following the completion of the transaction, the executive vice president now owns 1,170 shares in the company, valued at $32,034.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 7.59% of the company’s stock.

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HomeStreet Company Profile

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

Insider Buying and Selling by Quarter for HomeStreet (NASDAQ:HMST)

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