Is HomeStreet Stock a Good Investment?
HomeStreet Investment Advice | HMST |
- Examine HomeStreet's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research HomeStreet's leadership team and their track record. Good management can help HomeStreet navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Regional Banks space and any emerging trends that could impact HomeStreet's business and its evolving consumer preferences.
- Compare HomeStreet's performance and market position to its competitors. Analyze how HomeStreet is positioned in terms of product offerings, innovation, and market share.
- Check if HomeStreet pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about HomeStreet's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in HomeStreet stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if HomeStreet is a good investment.
Sell | Buy |
Strong Hold
Market Performance | Very Weak | Details | |
Volatility | Slightly risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Examine HomeStreet Stock
Researching HomeStreet's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 81.0% of the company shares are owned by institutional investors. The company has price-to-book (P/B) ratio of 0.42. Some equities with similar Price to Book (P/B) outperform the market in the long run. HomeStreet has Price/Earnings To Growth (PEG) ratio of 1.82. The entity recorded a loss per share of 1.29. The firm last dividend was issued on the 7th of November 2023. HomeStreet had 2:1 split on the 8th of November 2012.
To determine if HomeStreet is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding HomeStreet's research are outlined below:
| HomeStreet generated a negative expected return over the last 90 days | |
| HomeStreet has high historical volatility and very poor performance | |
| HomeStreet has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the previous year's revenue of 399.74 M. Net Loss for the year was (27.51 M) with profit before overhead, payroll, taxes, and interest of 290.08 M. | |
| HomeStreet has a frail financial position based on the latest SEC disclosures | |
| Over 81.0% of the company shares are owned by institutional investors | |
| Latest headline from gurufocus.com: Insider Sell Alert Godfrey Evans Sells Shares of HomeStreet Inc |
HomeStreet uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in HomeStreet. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to HomeStreet's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 29th of January 2024 Upcoming Quarterly Report | View | |
| 22nd of April 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 29th of January 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact HomeStreet's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises HomeStreet's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2023-07-28 | 2023-06-30 | 0.19 | 0.17 | -0.02 | 10 | ||
2017-01-23 | 2016-12-31 | 0.07 | 0.09 | 0.02 | 28 | ||
2024-07-29 | 2024-06-30 | -0.26 | -0.23 | 0.03 | 11 | ||
2014-10-27 | 2014-09-30 | 0.28 | 0.33 | 0.05 | 17 | ||
2023-10-30 | 2023-09-30 | 0.05 | 0.12 | 0.07 | 140 | ||
2017-04-24 | 2017-03-31 | 0.26 | 0.33 | 0.07 | 26 | ||
2016-04-25 | 2016-03-31 | 0.34 | 0.27 | -0.07 | 20 | ||
2024-10-29 | 2024-09-30 | -0.24 | -0.32 | -0.08 | 33 |
Know HomeStreet's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as HomeStreet is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading HomeStreet backward and forwards among themselves. HomeStreet's institutional investor refers to the entity that pools money to purchase HomeStreet's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | State Street Corp | 2024-09-30 | 422 K | Charles Schwab Investment Management Inc | 2024-09-30 | 412.6 K | Stieven Capital Advisors, L.p. | 2024-09-30 | 340 K | Acuitas Investments, Llc | 2024-09-30 | 332.7 K | Alliancebernstein L.p. | 2024-09-30 | 304.4 K | Mendon Capital Advisors Corp | 2024-09-30 | 300 K | Curi Rmb Capital | 2024-09-30 | 300 K | Ccg Wealth Management, Llc | 2024-09-30 | 229.6 K | Susquehanna International Group, Llp | 2024-09-30 | 191.9 K | Philadelphia Financial Mgmt Of San Franc | 2024-09-30 | 1.6 M | Blackrock Inc | 2024-06-30 | 1.3 M |
HomeStreet's market capitalization trends
The company currently falls under 'Small-Cap' category with a current market capitalization of 224.03 M.Market Cap |
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HomeStreet's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Equity | (0.05) | (0.05) |
Determining HomeStreet's profitability involves analyzing its financial statements and using various financial metrics to determine if HomeStreet is a good buy. For example, gross profit margin measures HomeStreet's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of HomeStreet's profitability and make more informed investment decisions.
Please note, the imprecision that can be found in HomeStreet's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of HomeStreet. Check HomeStreet's Beneish M Score to see the likelihood of HomeStreet's management manipulating its earnings.
Evaluate HomeStreet's management efficiency
Return On Tangible Assets is likely to gain to -0.0028 in 2024. Return On Capital Employed is likely to gain to -0.0042 in 2024. At this time, HomeStreet's Non Current Liabilities Total is comparatively stable compared to the past year. Total Current Liabilities is likely to gain to about 7.5 B in 2024, whereas Liabilities And Stockholders Equity is likely to drop slightly above 6 B in 2024. HomeStreet's management efficiency ratios could be used to measure how well HomeStreet manages its routine affairs as well as how well it operates its assets and liabilities.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 28.66 | 18.38 | |
| Tangible Book Value Per Share | 22.60 | 23.73 | |
| Enterprise Value Over EBITDA | 23.64 | 12.54 | |
| Price Book Value Ratio | 0.36 | 0.34 | |
| Enterprise Value Multiple | 23.64 | 12.54 | |
| Price Fair Value | 0.36 | 0.34 | |
| Enterprise Value | 1.9 B | 1.3 B |
Leadership at HomeStreet emphasizes sustainable growth and financial prudence. Our analysis evaluates how these priorities impact the stock's performance in the market.
Beta 1.419 |
Basic technical analysis of HomeStreet Stock
As of the 2nd of December, HomeStreet retains the Standard Deviation of 5.12, market risk adjusted performance of (0.09), and Risk Adjusted Performance of (0.03). HomeStreet technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.HomeStreet's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific HomeStreet insiders, such as employees or executives, is commonly permitted as long as it does not rely on HomeStreet's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases HomeStreet insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Michel John over a week ago Disposition of 8000 shares by Michel John of HomeStreet at 11.26 subject to Rule 16b-3 | ||
Van Amen Darrell over three months ago Acquisition by Van Amen Darrell of 542 shares of HomeStreet subject to Rule 16b-3 | ||
Novak Diane P over six months ago Disposition of 531 shares by Novak Diane P of HomeStreet subject to Rule 16b-3 | ||
Williams Kathryn Anne over a year ago HomeStreet exotic insider transaction detected |
HomeStreet's Outstanding Corporate Bonds
HomeStreet issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. HomeStreet uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most HomeStreet bonds can be classified according to their maturity, which is the date when HomeStreet has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Dana 575 percent Corp BondUS235822AB96 | View | |
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| International Game Technology Corp BondUS460599AD57 | View | |
| BNP Paribas FRN Corp BondUSF1R15XK367 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| US43785VAD47 Corp BondUS43785VAD47 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand HomeStreet's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing HomeStreet's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 2.37 | |||
| Coefficient Of Variation | (2,084) | |||
| Standard Deviation | 5.12 | |||
| Variance | 26.21 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.10) | |||
| Maximum Drawdown | 38.5 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 4.14 | |||
| Skewness | (4.54) | |||
| Kurtosis | 33.29 |
| Risk Adjusted Performance | (0.03) | |||
| Market Risk Adjusted Performance | (0.09) | |||
| Mean Deviation | 2.37 | |||
| Coefficient Of Variation | (2,084) | |||
| Standard Deviation | 5.12 | |||
| Variance | 26.21 | |||
| Information Ratio | (0.07) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (1.11) | |||
| Treynor Ratio | (0.10) | |||
| Maximum Drawdown | 38.5 | |||
| Value At Risk | (3.06) | |||
| Potential Upside | 4.14 | |||
| Skewness | (4.54) | |||
| Kurtosis | 33.29 |
Consider HomeStreet's intraday indicators
HomeStreet intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of HomeStreet stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
HomeStreet Corporate Filings
F4 | 27th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
8K | 19th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
13A | 14th of November 2024 The form used by investors holding more than 5% of a company's stock, to report their beneficial ownership pursuant to Rule 13d-1 or Rule 13d-2 under the Securities Exchange Act of 1934 | ViewVerify |
10Q | 8th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
HomeStreet Stock media impact
Far too much social signal, news, headlines, and media speculation about HomeStreet that are available to investors today. That information is available publicly through HomeStreet media outlets and privately through word of mouth or via HomeStreet internal channels. However, regardless of the origin, that massive amount of HomeStreet data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of HomeStreet news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of HomeStreet relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to HomeStreet's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive HomeStreet alpha.
HomeStreet Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards HomeStreet can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
HomeStreet Corporate Executives
Elected by the shareholders, the HomeStreet's board of directors comprises two types of representatives: HomeStreet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HomeStreet. The board's role is to monitor HomeStreet's management team and ensure that shareholders' interests are well served. HomeStreet's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, HomeStreet's outside directors are responsible for providing unbiased perspectives on the board's policies.
Additional Tools for HomeStreet Stock Analysis
When running HomeStreet's price analysis, check to measure HomeStreet's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy HomeStreet is operating at the current time. Most of HomeStreet's value examination focuses on studying past and present price action to predict the probability of HomeStreet's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HomeStreet's price. Additionally, you may evaluate how the addition of HomeStreet to your portfolios can decrease your overall portfolio volatility.