HomeStreet Inc (NASDAQ: HMST) has reported E.P.S. of $-0.39 for its third fiscal quarter (ending September 30) versus $0.12 for the same period a year ago — a decline of -425%. For the latest four quarters through September 30, E.P.S. were $-1.29 versus $-0.83 for the same period a year ago — an increase of 55%.
Recent Price Action
HomeStreet Inc (NASDAQ: HMST) stock closed at $13.92 on 10/29/24 after a decline of -2.6%. However, this decline was accompanied by below average trading volume at 76% of normal. The stock has declined -4.5% during the last week but has been strong relative to the market over the last nine months.
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 highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. HomeStreet has a good Power Rating of 83 and a good Appreciation Score of 84, leading to the Highest Value Trend Rating.
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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