HomeStreet Inc (NASDAQ: HMST) stock suffered a major decline of -10.4% on 5/1/24. The shares closed at $10.97. Moreover, exceptionally high trading volume at 453% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -15.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, HMST is expected to continue to be Value Creation neutral.
HomeStreet has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. HomeStreet has a very high Appreciation Score of 86 and a very high Power Rating of 91, and the Highest Value Trend Rating results.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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