Last $17.73 USD
Change Today +0.35 / 2.01%
Volume 90.6K
HMST On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

homestreet inc (HMST) Snapshot

Open
$17.46
Previous Close
$17.38
Day High
$17.75
Day Low
$17.14
52 Week High
03/28/14 - $19.89
52 Week Low
10/15/14 - $15.95
Market Cap
263.4M
Average Volume 10 Days
95.6K
EPS TTM
$1.65
Shares Outstanding
14.9M
EX-Date
01/30/14
P/E TM
10.8x
Dividend
$0.44
Dividend Yield
0.62%
Current Stock Chart for HOMESTREET INC (HMST)

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homestreet inc (HMST) Details

HomeStreet, Inc., through its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; residential, consumer, and business portfolio loans; investment products; insurance products and cash management services. It also originates commercial real estate loans, including multifamily lending; and residential and commercial construction loans, bridge loans, and permanent loans primarily on single family residences, as well as on office, retail, industrial, and multifamily property types. This segment provides its products and services through bank branches, commercial lending centers, and ATMs, as well as through online, mobile and telephone banking. The Mortgage Banking segment originates and purchases single family residential mortgage loans for sale to investors in the secondary market. This segment is also involved in the brokerage and sale of a percentage of its loans on a servicing-released basis to correspondent lenders. The company also offers insurance products and services for consumers and businesses. As of December 31, 2013, it had a network of 30 bank branches in the Puget Sound, Eastern and Southwest regions of Washington state, Portland, Oregon and Hawaii, as well as 44 stand-alone lending centers located in these same areas and additionally in California; the Eugene and Salem regions of Oregon; and the Boise and northern regions of Idaho. The company, formerly known as Continental Mortgage and Loan Company, was founded in 1921 and is headquartered in Seattle, Washington.

1,611 Employees
Last Reported Date: 01/27/15
Founded in 1921

homestreet inc (HMST) Top Compensated Officers

Vice Chairman, Chief Executive Officer, Presi...
Total Annual Compensation: $500.0K
Executive Vice President, Executive Vice Pres...
Total Annual Compensation: $203.0K
Executive Vice President of Homestreet Bank a...
Total Annual Compensation: $275.0K
Compensation as of Fiscal Year 2013.

homestreet inc (HMST) Key Developments

HomeStreet, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Reports Net Charge-Offs for Fourth Quarter Ended December 31, 2014

HomeStreet, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net income of $5.6 million, or $0.38 per diluted share, for the fourth quarter ended December 31, 2014, compared to net income of $5.0 million, or $0.33 per share, for the third quarter of 2014 and a net loss of $861,000, or $0.06 per share, for the fourth quarter of 2013. Excluding acquisition-related expenses of $889,000, net income for the quarter was $6.2 million, or $0.41 per share, compared to net income of $5.4 million, or $0.36 per share, for the third quarter of 2014 and $1.8 million, or $0.12 per share, for the fourth quarter of 2013. Net interest income was $27,502,000 against $21,382,000 a year ago. Income before income taxes was $9,698,000 against loss before income taxes of $1,414,000 a year ago. Book value per share was $20.34 against $17.97 a year ago. Tangible book value per share was $19.39 against $17.00 a year ago. Return on average shareholders’ equity was 7.37% against negative return on average shareholders’ equity of 1.28% a year ago. Tangible return on average shareholders’ equity was 7.73% against negative return on average shareholders’ equity of 1.33% a year ago. Return on average assets was 0.65% against negative return on average assets of 0.12% a year ago. For the full year 2014, net income was $22.3 million, or $1.49 per share. Excluding acquisition-related expenses, net income for 2014 was $24.2 million, or $1.62 per share, compared to $26.8 million, or $1.81 per share for 2013. Net interest income also improved as a result of a higher net interest margin and strong growth of nearly 20% in average interest-earning assets, and noninterest income grew nearly 43% over the last year. Net interest income was $98,669,000 against $74,444,000 a year ago. Income before income taxes was $33,315,000 against $34,794,000 a year ago. Book value per share was $20.34 against $17.97 a year ago. Tangible book value per share was $19.39 against $17.00 a year ago. Return on average shareholders’ equity was 7.69% against 9.56% a year ago. Tangible return on average shareholders’ equity was 8.09 % against 9.67% a year ago. Return on average assets was 0.69% against 0.88% a year ago. For the fourth quarter, the company reported net charge-offs in the fourth quarter of 2014 totaled $87,000 compared to net charge-offs of $57,000 in the third quarter of 2014 and $805,000 in the fourth quarter of 2013.

HomeStreet, Inc. to Report Q4, 2014 Results on Jan 26, 2015

HomeStreet, Inc. announced that they will report Q4, 2014 results at 8:00 PM, US Eastern Standard Time on Jan 26, 2015

HomeStreet, Inc., Q4 2014 Earnings Call, Jan 27, 2015

HomeStreet, Inc., Q4 2014 Earnings Call, Jan 27, 2015

 

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Industry Analysis

HMST

Industry Average

Valuation HMST Industry Range
Price/Earnings 11.7x
Price/Sales 0.9x
Price/Book 0.9x
Price/Cash Flow 11.6x
TEV/Sales NM Not Meaningful
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