HomeStreet Inc (NASDAQ: HMST) has reported a loss for its second fiscal quarter (ending June 30) of $-0.33 versus a loss $-1.67 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $-0.79 compared to $0.13 a year ago.
Recent Price Action
HomeStreet Inc (NASDAQ: HMST) stock declined slightly by -0.9% on 7/29/24. The stock closed at $13.87. However, exceptionally low trading volume at 46% of normal accompanied the decline. The stock has been exceptionally strong relative to the market over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
HMST is expected to continue to be Value Creation neutral reflecting capital returns that are forecasted to be in line with the cost of capital.
HomeStreet has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. HomeStreet has a good Appreciation Score of 84 and a very high Power Rating of 92, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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