HomeStreet (NASDAQ:HMST) Stock

HomeStreet

HomeStreet Inc is a commercial bank. It provides commercial loans and consumer loans including mortgage loans, deposit products, private banking, and cash management services. The company loan products include commercial business loans and agriculture loans, consumer loans, single family residential mortgages, loans secured by commercial real estate and construction loans for residential and commercial real estate projects.

HomeStreet Inc

Hamster Kombat - United States Dollar

<p>Keefe, Bruyette &amp; Woods  analyst Wood Lay   maintains HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) with a Market Perform and raises the price target from $12 to $13.5.</p>


News

Price Target

Analyst Ratings

HMST

Keefe, Bruyette & Woods Maintains Market Perform on HomeStreet, Raises Price Target to $13.5

<p>HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) reported quarterly losses of $(0.15) per share which missed the analyst consensus estimate of $(0.07) by 114.29 percent. This is a 48.28 percent increase over losses of $(0.29) per share from the same period last year.  The company reported quarterly sales of $45.36 million which missed the analyst consensus estimate of $46.61 million by 2.69 percent.  This is a 9.02 percent increase over sales of $41.60 million the same period last year.</p>


Earnings

Earnings Misses

HomeStreet Q1 Adj. EPS $(0.15) Misses $(0.07) Estimate, Sales $45.36M Miss $46.61M Estimate

<p>Piper Sandler  analyst Matthew Clark   maintains HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) with a Neutral and raises the price target from $10 to $14.</p>


Piper Sandler Maintains Neutral on HomeStreet, Raises Price Target to $14

WIIM

HomeStreet shares are trading higher after the company announced an all-stock merger wth Mechanics Bank to form an entity valued at $23 billion.

<p>"This transaction is strategically and financially compelling for shareholders of both Mechanics Bank and HomeStreet," commented C.J. Johnson, CEO and President of Mechanics Bank. "We have completed a thorough due diligence process and look forward to welcoming HomeStreet's clients and employees to our company.</p>


Mechanics Bank And HomeStreet Announce All-Stock Merger To Form $23B West Coast Banking Powerhouse

<p><strong>HomeStreet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) just disclosed its Q4 earnings on Monday, January 27, 2025 at 04:01 PM.</p>
<p>Here's a brief overview of the earnings report.</p>
<h3>Earnings</h3>
<p>HomeStreet missed estimated earnings by -42.0%, reporting an EPS of $-0.27 versus an estimate of $-0.19.</p>
<p>Revenue was down $5.63 million from the same period last year.</p>
<h3>Performance in Previous Earnings</h3>
<p>In the previous quarter, the company missed on EPS by $0.08, resulting in a 35.0% drop change in the share price the following day.</p>
<p>Here's a look at HomeStreet's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.24</td>
<td>-0.26</td>
<td>-0.12</td>
<td>0.02</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.32</td>
<td>-0.23</td>
<td>-0.29</td>
<td>-0.12</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>42.56M</td>
<td>42.81M</td>
<td>46.63M</td>
<td>49.71M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>39.68M</td>
<td>42.93M</td>
<td>41.60M</td>
<td>45.95M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for HomeStreet <a href="https://www.benzinga.com/quote/HMST/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


HomeStreet Earnings Report: Q4 Overview

<p><strong>HomeStreet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) released its Q4 earnings on Monday, January 27, 2025 at 04:01 PM.</p>
<p>Here's what's important from the earnings announcement.</p>
<h3>Earnings</h3>
<p>HomeStreet missed estimated earnings by -42.0%, reporting an EPS of $-0.27 versus an estimate of $-0.19.</p>
<p>Revenue was down $5.63 million from the same period last year.</p>
<h3>Analysis of Past Earnings</h3>
<p>Last quarter the company missed on EPS by $0.08 which was followed by a 35.0% drop in the share price the next day.</p>
<p>Here's a look at HomeStreet's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.24</td>
<td>-0.26</td>
<td>-0.12</td>
<td>0.02</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.32</td>
<td>-0.23</td>
<td>-0.29</td>
<td>-0.12</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>42.56M</td>
<td>42.81M</td>
<td>46.63M</td>
<td>49.71M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>39.68M</td>
<td>42.93M</td>
<td>41.60M</td>
<td>45.95M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for HomeStreet <a href="https://www.benzinga.com/quote/HMST/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


HomeStreet Earnings Review: Q4 Summary

<p><strong>HomeStreet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) just disclosed its Q4 earnings on Monday, January 27, 2025 at 04:01 PM.</p>
<p>Here's a brief overview of the earnings report.</p>
<h3>Earnings</h3>
<p>HomeStreet missed estimated earnings by -42.0%, reporting an EPS of $-0.27 versus an estimate of $-0.19.</p>
<p>Revenue was down $5.63 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>During the previous quarter, the company missed on EPS by $0.08, leading to a 35.0% drop share price change the next day.</p>
<p>Here's a look at HomeStreet's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.24</td>
<td>-0.26</td>
<td>-0.12</td>
<td>0.02</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.32</td>
<td>-0.23</td>
<td>-0.29</td>
<td>-0.12</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>42.56M</td>
<td>42.81M</td>
<td>46.63M</td>
<td>49.71M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>39.68M</td>
<td>42.93M</td>
<td>41.60M</td>
<td>45.95M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for HomeStreet <a href="https://www.benzinga.com/quote/HMST/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Earnings Summary: HomeStreet Q4

<p><strong>HomeStreet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) released its Q4 earnings on Monday, January 27, 2025 at 04:01 PM.</p>
<p>Here's what's important from the earnings announcement.</p>
<h3>Earnings</h3>
<p>HomeStreet missed estimated earnings by -42.0%, reporting an EPS of $-0.27 versus an estimate of $-0.19.</p>
<p>Revenue was down $5.63 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.08 which was followed by a 35.0% drop in the share price the next day.</p>
<p>Here's a look at HomeStreet's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.24</td>
<td>-0.26</td>
<td>-0.12</td>
<td>0.02</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.32</td>
<td>-0.23</td>
<td>-0.29</td>
<td>-0.12</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>42.56M</td>
<td>42.81M</td>
<td>46.63M</td>
<td>49.71M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>39.68M</td>
<td>42.93M</td>
<td>41.60M</td>
<td>45.95M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for HomeStreet <a href="https://www.benzinga.com/quote/HMST/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Insights into HomeStreet Q4 Earnings

<p><strong>HomeStreet</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) reported its Q4 earnings results on Monday, January 27, 2025 at 04:01 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>HomeStreet missed estimated earnings by -42.0%, reporting an EPS of $-0.27 versus an estimate of $-0.19.</p>
<p>Revenue was down $5.63 million from the same period last year.</p>
<h3>Previous Earnings Records</h3>
<p>The company missed on EPS by $0.08 in the previous quarter, leading to a 35.0% drop share price change the next day.</p>
<p>Here's a look at HomeStreet's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2024</strong></th>
<th><strong>Q2 2024</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.24</td>
<td>-0.26</td>
<td>-0.12</td>
<td>0.02</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.32</td>
<td>-0.23</td>
<td>-0.29</td>
<td>-0.12</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>42.56M</td>
<td>42.81M</td>
<td>46.63M</td>
<td>49.71M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>39.68M</td>
<td>42.93M</td>
<td>41.60M</td>
<td>45.95M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for HomeStreet <a href="https://www.benzinga.com/quote/HMST/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


HomeStreet Q4 Earnings Assessment

<p>HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) reported quarterly losses of $(0.27) per share which missed the analyst consensus estimate of $(0.20) by 35 percent. This is a 125 percent decrease over losses of $(0.12) per share from the same period last year.  The company reported quarterly sales of $40.31 million which missed the analyst consensus estimate of $41.11 million by 1.94 percent.  This is a 12.26 percent decrease over sales of $45.95 million the same period last year.</p>


HomeStreet Q4 Adj $(0.27) Misses $(0.20) Estimate, Sales $40.31M Miss $41.11M Estimate

HomeStreet: Q4 Earnings Insights

<h3>Companies Reporting Before The Bell</h3>
<p>• MainStreet Bancshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSB#NASDAQ">MNSB</a>) is estimated to report quarterly earnings at $0.23 per share on revenue of $16.99 million. </p>
<p>• Oxford Lane Capital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OXLC#NASDAQ">OXLC</a>) is estimated to report earnings for its third quarter. </p>
<p>• SoFi Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $678.53 million. </p>
<p>• Ryanair Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $3.08 billion. </p>
<p>• Dynex Cap (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DX#NYSE">DX</a>) is projected to report quarterly earnings at $0.06 per share on revenue of $11.39 million. </p>
<p>• Hope Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $119.97 million. </p>
<p>• Bank of Hawaii (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BOH#NYSE">BOH</a>) is expected to report quarterly earnings at $0.84 per share on revenue of $163.36 million. </p>
<p>• Bank of Marin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRC#NASDAQ">BMRC</a>) is expected to report quarterly earnings at $0.32 per share on revenue of $28.17 million. </p>
<p>• AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) is expected to report quarterly earnings at $0.51 per share on revenue of $31.95 billion. </p>
<h3>Companies Reporting After The Bell</h3>
<p>• WSFS Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WSFS#NASDAQ">WSFS</a>) is expected to report quarterly earnings at $0.99 per share on revenue of $264.39 million. </p>
<p>• WR Berkley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WRB#NYSE">WRB</a>) is likely to report quarterly earnings at $0.95 per share on revenue of $2.98 billion. </p>
<p>• Equity Lifestyle Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELS#NYSE">ELS</a>) is projected to report quarterly earnings at $0.76 per share on revenue of $375.04 million. </p>
<p>• Transcat (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNS#NASDAQ">TRNS</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $70.30 million. </p>
<p>• Western Alliance (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) is expected to report quarterly earnings at $1.91 per share on revenue of $804.88 million. </p>
<p>• Five Star (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSBC#NASDAQ">FSBC</a>) is projected to report quarterly earnings at $0.57 per share on revenue of $34.09 million. </p>
<p>• Sanmina (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SANM#NASDAQ">SANM</a>) is estimated to report quarterly earnings at $1.36 per share on revenue of $1.98 billion. </p>
<p>• Nucor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NUE#NYSE">NUE</a>) is expected to report quarterly earnings at $0.63 per share on revenue of $6.77 billion. </p>
<p>• AGNC Investment (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGNC#NASDAQ">AGNC</a>) is projected to report quarterly earnings at $0.43 per share on revenue of $209.06 million. </p>
<p>• HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) is projected to report quarterly loss at $0.19 per share on revenue of $41.10 million. </p>
<p>• Home Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBCP#NASDAQ">HBCP</a>) is estimated to report quarterly earnings at $1.11 per share on revenue of $30.30 million. </p>
<p>• Preferred Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PFBC#NASDAQ">PFBC</a>) is likely to report quarterly earnings at $2.39 per share on revenue of $69.74 million. </p>
<p>• NBT Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBTB#NASDAQ">NBTB</a>) is projected to report quarterly earnings at $0.77 per share on revenue of $147.11 million. </p>
<p>• Marten Transport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRTN#NASDAQ">MRTN</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $233.68 million. </p>
<p>• PotlatchDeltic (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCH#NASDAQ">PCH</a>) is expected to report quarterly loss at $0.02 per share on revenue of $246.71 million. </p>
<p>• Graco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GGG#NYSE">GGG</a>) is estimated to report quarterly earnings at $0.77 per share on revenue of $553.25 million. </p>
<p>• Crane (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CR#NYSE">CR</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $583.71 million. </p>
<p>• Brown &amp; Brown (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRO#NYSE">BRO</a>) is likely to report quarterly earnings at $0.77 per share on revenue of $1.12 billion. </p>
<p>• Enterprise Finl Servs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EFSC#NASDAQ">EFSC</a>) is likely to report quarterly earnings at $1.20 per share on revenue of $162.20 million. </p>
<p>• Servisfirst Bancshares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>) is likely to report quarterly earnings at $1.11 per share on revenue of $126.64 million. </p>
<p>• Seacoast Banking (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBCF#NASDAQ">SBCF</a>) is projected to report earnings for its fourth quarter. </p>
<p>• Alexandria Real Estate (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARE#NYSE">ARE</a>) is projected to report quarterly earnings at $2.39 per share on revenue of $788.78 million. </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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WSFS

Earnings Scheduled For January 27, 2025

Asset Sales

HomeStreet Enters Agreement To Sell $990M In Multi-Family Commercial Real Estate Loans To Bank of America

<p>Wedbush  analyst David Chiaverini   maintains HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) with a Outperform and raises the price target from $12 to $15.</p>


Wedbush Maintains Outperform on HomeStreet, Raises Price Target to $15

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

<p>Wedbush  analyst David Chiaverini   upgrades HomeStreet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HMST#NASDAQ">HMST</a>) from Neutral to Outperform and announces $12 price target.</p>


Upgrades

Wedbush Upgrades HomeStreet to Outperform, Announces $12 Price Target

HomeStreet shares are trading lower after the company reported worse-than-expected Q3 EPS results.

FSUN

FirstSun Capital Bancorp, HomeStreet Reveal Disappointment That Regulators Are Unwilling To Grant Approvals Necessary For Merger To Proceed; Companies Discussing Terms On Which They Would Terminate Merger Deal If No Alternative Structure Is Feasible

HomeStreet Q3 2024 GAAP EPS $(0.39) Misses $(0.24) Estimate

Press Releases

HomeStreet Reports Year End and Fourth Quarter 2024 Results

Mechanics Bank and HomeStreet, Inc. Announce Strategic Merger

Shareholder Alert: The Ademi Firm Investigates Whether HomeStreet, Inc. Is Obtaining a Fair Price for Its Public Shareholders

HMST Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of HomeStreet, Inc. Is Fair to Shareholders

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of HomeStreet, Inc.

$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of HomeStreet, Inc. - HMST

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates HMST, COOP, OPTN, RDFN on Behalf of Shareholders

HOMESTREET INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of HomeStreet, Inc. - HMST

SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates COOP, HMST, ALLK, OPOF on Behalf of Shareholders

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