HomeStreet Inc (HMST) Releases Earnings Results, Beats Expectations By $0.20 EPS

HomeStreet Inc (HMST) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.90 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.20. Analysts had a consensus of $0.70. Analysts expectations of $128.01 million. During the same quarter in the previous year, the company posted $0.65 EPS.

HomeStreet Inc closed down -0.13 points or -0.60% at $21.37 with 85,912 shares getting traded on Wednesday. Post opening the session at $21.47, the shares hit an intraday low of $21.3 and an intraday high of $21.525 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 17, 2016, Pamela J Taylor (EVP – Human Resources Dir) sold 100 shares at $19.74 per share price. According to the SEC, on Jun 17, 2016, Richard W H Bennion (EVP – Res. Lending Director) sold 115 shares at $19.77 per share price. On Jun 17, 2016, Jay C Iseman (EVP – Chief Credit Officer) sold 240 shares at $19.77 per share price, according to the Form-4 filing with the securities and exchange commission.

HomeStreet Inc. is a financial services company. The Company is engaged in real estate lending. The Company operates in two segments: Commercial and Consumer Banking and Mortgage Banking. The Company’s subsidiaries are HomeStreet Bank (the Bank) and HomeStreet Capital Corporation. The Bank is a Washington state-chartered savings bank that provides mortgage and commercial loans deposit products and services non-deposit investment products private banking and cash management services. Doing business as HomeStreet Insurance Agency the Company provides insurance products and services for consumers and businesses. As of December 31 2014 the Company had total assets of $3.54 billion. As of December 31 2014 the Company had a network of 33 bank branches in the Puget Sound Eastern and Southwest regions of Washington state Portland Oregon and Hawaii as well as 55 stand-alone lending centers located in these same areas.

HomeStreet Inc

Leave a Reply

HomeStreet Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on HomeStreet Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.