Alert: Positive Investment/Fundamental Signals (9/18/20)-HomeStreet Inc (NASDAQ: HMST)


HomeStreet Inc (NASDAQ: HMST). Extremely significant positive changes in investment behavior have recently occurred: positive upside/downside volume developed, the stock’s recent price rise disrupted its longer term downtrend, and the stock rose on very heavy volume.

Recent marginal positive changes in fundamentals have benefitted HomeStreet Inc (NASDAQ: HMST): significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

HMST is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

HomeStreet has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HomeStreet has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 30, triggering the Neutral Value Trend Rating.

Recent Price Action

HomeStreet Inc (NASDAQ: HMST) stock closed at $27.68 on 9/18/20 after an increase of 1.7%. Moreover, trading volume in this advance was exceptionally high at 377% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.2% during the last week.

About John Lafferty 84225 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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