HomeStreet
HMST

$13.99

4.95%

Market Cap: 264M

About: 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.

Employees: 858

Financials State Commercial Banks

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 3 analysts

0

News positive %

of 3 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

150% more funds holding in top 10

Funds holding in top 10: 2 [Q4 2023] → 5 (+3) [Q1 2024]

44% more capital invested

Capital invested by funds: $145M [Q4 2023] → $209M (+$63.7M) [Q1 2024]

1% less call options, than puts

Call options by funds: $849K | Put options by funds: $859K

1.27% less ownership

Funds ownership: 74.74% [Q4 2023] → 73.47% (-1.27%) [Q1 2024]

14% less funds holding

Funds holding: 112 [Q4 2023] → 96 (-16) [Q1 2024]

32% less repeat investments, than reductions

Existing positions increased: 26 | Existing positions reduced: 38

47% less first-time investments, than exits

New positions opened: 18 | Existing positions closed: 34

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Research analyst outlook

3 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$13.50

4%

downside

Avg. target

$14.33

2%

upside

High target

$16

14%

upside

3 analyst ratings

0 positive

0%

3 neutral

100%

0 negative

0%

Keefe, Bruyette & Woods Wood Lay	4%downside $13.5	Market Perform Maintained	18 Jun 2024
Keefe, Bruyette & Woods Wood Lay	4%downside $13.5	Market Perform Maintained	7 May 2024
Wedbush David Chiaverini	14%upside $16	Neutral Maintained	30 Jan 2024

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Financial journalist opinion

Based on 3 articles about HMST published over the past 30 days

Zacks Investment Research

Analysts Estimate HomeStreet (HMST) to Report a Decline in Earnings: What to Look Out for

HomeStreet (HMST) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate HomeStreet (HMST) to Report a Decline in Earnings: What to Look Out for

Zacks Investment Research

3 Savings & Loan Stocks to Watch Amid High Interest Rate

The Savings and Loan industry is facing challenges from high interest rates. At the same time, decent loan demand and a stable deposit base will help industry players like Citizens Financial (CFG), WSFS Financial (WSFS) and HomeStreet (HMST) to navigate headwinds.

3 Savings & Loan Stocks to Watch Amid High Interest Rate

Blue Lion Capital Encourages HomeStreet Board to Remove Management Team Change in Control Payments as Part of FSUN Merger

HomeStreet was Encouraged by FirstSun Capital Bancorp Management to Hedge Interest Rate Risk After Merger was Announced in January 2024 but Mark Mason Refused HomeStreet's Profitability and Value Declined as Interest Rates Increased On April 30 th, FirstSun Amended and Lowered the Merger Consideration to HomeStreet Shareholders by $30.5 Million to Reflect HomeStreet's Lower Profitability and Value If Shareholders Receive $30.5 Million Less, Why Should HomeStreet Executives Receive $19.6 Million More Via Change in Control Payments? Last Week, HomeStreet Shareholders Voted Against HomeStreet Management Receiving the Payments Blue Lion Capital Encourages HomeStreet's Board to Do the Right Thing and Remove the Management Team Change in Control Payments as Part of the FirstSun Merger Blue Lion Encourages Shareholders to Contact James Mitchell, HomeStreet's Lead Independent Director DALLAS , June 27, 2024 /PRNewswire/ -- Blue Lion Capital, a Dallas-based investment firm ("Blue Lion") that beneficially owns approximately 1.3% of the stock of HomeStreet, Inc. (Nasdaq: HMST) ("HomeStreet" or the "Company"), has issued a letter to the HomeStreet Board of Directors ("Board") regarding Change in Control (CIC) payments that the Company's management team may receive as part of the FirstSun Capital Bancorp ("FSUN" or "FirstSun") merger.

Blue Lion Capital Encourages HomeStreet Board to Remove Management Team Change in Control Payments as Part of FSUN Merger

HomeStreet Announces Approval of Merger with FirstSun

SEATTLE--(BUSINESS WIRE)--HomeStreet, Inc. (“the Company”) (Nasdaq: HMST) today announced that the preliminary vote count indicates that its shareholders approved the Agreement and Plan of Merger dated as of January 16, 2024, by and between FirstSun Capital Bancorp, the Company and Dynamis Subsidiary, Inc., as amended on April 30, 2024. Final voting results of the shareholder meeting held on June 18, 2024 will be filed with the Company's Form 8-K on Thursday June 20, 2024. “The strong vote in f.

HomeStreet Announces Approval of Merger with FirstSun

PRESSING INVESTIGATION: The M&A Class Action Firm Investigates Merger and Imminent Vote on June 18, 2024, of HomeStreet, Inc. - HMST

NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) -- Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating HomeStreet, Inc . ( NASDAQ: HMST ) , relating to its proposed sale to FirstSun Capital Bancorp. Under the terms of the agreement, HomeStreet stockholders will receive 0.4345 shares of FirstSun common stock per share of HMST they own.

PRESSING INVESTIGATION: The M&A Class Action Firm Investigates Merger and Imminent Vote on June 18, 2024, of HomeStreet, Inc. - HMST

SHAREHOLDER UPDATE: Halper Sadeh LLC Continues to Investigate HMST, SRCL

NEW YORK, NY / ACCESSWIRE / June 4, 2024 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: HomeStreet, Inc. (NASDAQ:HMST)'s sale to FirstSun Capital Bancorp. Under the terms of the agreement, HomeStreet shareholders will receive 0.3867 shares (revised from 0.4345 shares under the original merger agreement) of FirstSun common stock for each share of HomeStreet common stock.

SHAREHOLDER UPDATE: Halper Sadeh LLC Continues to Investigate HMST, SRCL

PRESSING INVESTIGATION: The M&A Class Action Firm Investigates Merger and Imminent Vote on June 18, 2024, of HomeStreet, Inc. - HMST

NEW YORK , June 4, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating HomeStreet, Inc. (NASDAQ: HMST) , relating to its proposed sale to FirstSun Capital Bancorp.

PRESSING INVESTIGATION: The M&A Class Action Firm Investigates Merger and Imminent Vote on June 18, 2024, of HomeStreet, Inc. - HMST

Zacks Investment Research

Compared to Estimates, HomeStreet (HMST) Q1 Earnings: A Look at Key Metrics

Although the revenue and EPS for HomeStreet (HMST) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, HomeStreet (HMST) Q1 Earnings: A Look at Key Metrics

Zacks Investment Research

HomeStreet (HMST) Reports Q1 Loss, Lags Revenue Estimates

HomeStreet (HMST) came out with a quarterly loss of $0.29 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to earnings of $0.27 per share a year ago.

HomeStreet (HMST) Reports Q1 Loss, Lags Revenue Estimates

FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement

DENVER & SEATTLE--(BUSINESS WIRE)--FirstSun Capital Bancorp (OTCQX: FSUN) (“FirstSun”) and HomeStreet, Inc. (“HomeStreet”) (Nasdaq: HMST) today announced that they have mutually agreed to amend their definitive merger agreement that was entered into on January 16, 2024. The amendment provides for, among other things: an increase in FirstSun's total equity capital raised in connection with the merger of an additional $45 million to $60 million, resulting in an increase from an aggregate capital.

FirstSun Capital Bancorp and HomeStreet, Inc. Amend Merger Agreement

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