HomeStreet, Inc. (NASDAQ:HMST) is reporting third quarter financial results on Monday 26th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, HMST is expected to report 3Q20 income of $ 0.83 per share from revenue of $ 86.80 million.
For the full year, analysts anticipate top line of $ 339.22 million, while looking forward to income of $ 2.72 per share bottom line.
Previous Quarter Performance
HomeStreet, Inc. unveiled income for the second quarter of $ 0.86 per share, from the revenue of $ 88.10 million. The quarterly earnings 168.75 percent while revenues grew 36.84 percent compared with the same quarter last year.
Wall street analysts are predicting, HMST to report 2Q20 income of $ 0.31 per share from revenue of $ 76.18 million. The bottom line results beat street analysts by $ 0.55 or 177.42 percent, at the same time, top line results outshined analysts by $ 11.92 million or 15.65 percent.
Stock Performance
On Friday, shares of HomeStreet, Inc. has traded high as $ 31.84 and has cracked $ 30.79 on the downward trend, reaching $ 31.19 with volume of 78.80 thousand shares.
According to the previous trading day, closing price of $ 31.19, representing a 68.28 % increase from the 52 week low of $ 18.44 and a 10.03 % decrease over the 52 week high of $ 34.49.
The company has a market capital of $ 708.24 million and is part of the Financial Services sector and Savings & Cooperative Banks industry.
Recent Analyst recommendations
- On 2nd October 2020, upgraded by Keefe, Bruyette & Woods to Outperform from Market Perform rating, with $ 39.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on July 23, 2020. The dividend were payable on August 27, 2020 to holders of record as of the close of business on August 3, 2020 and ex-dividend date on July 31, 2020.
HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
