HomeStreet (HMST) has been on a downward spiral lately with significant selling pressure. After declining 13.4% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is ...

HomeStreet, Inc.’s (HMST) subsidiary, HomeStreet Bank, is selling roughly $990 million worth of its multifamily commercial real estate loans to Bank of America, Corp. (BAC) . This will help it mitigate funding costs and boost profitability. The sale is anticipated to be completed before Dec. 31, 2024.Rationale Behind HMST’s Loan Sale to BACHomeStreet will sell loans at an approximately 8% discount and receive nearly $906 million from Bank of America. This discount signifies the existing interest rate scenar ...

The Seattle-based parent company of HomeStreet Bank agreed to sell $990 million in multifamily commercial real estate loans to Bank of America.The price, including the value of the retained servicing, is 92% of the principal balance of the loans, and the loan sale is expected to close before Tuesday (Dec. 31), HomeStreet said in a Friday (Dec. 27) press release.“The pricing of the loan sale reflects the current interest rate environment and that the loans being sold are primarily lower yielding loans with l ...

HomeStreet meStreet eet 3rd Quarter 2024 October 29, 2024 Important Disclosures Forward-Looking Statements This presentation includes forward-looking statements, as that term is defined for purposes of applicable securities laws, about our proposed merger (the "Merger") with FirstSun Capital Bancorp, Inc. ("FirstSun"), our industry, our future financial performance, business plans and expectations. These statements are, in essence, attempts to anticipate or forecast future events, and thus subject to many r ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ ________________________________ FORM 10-Q ________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number: 001-35424 HOMESTREET, INC. ...

HomeStreet (HMST) came out with a quarterly loss of $0.32 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of -60%. A quarter ago, it was expected that this real estate lender would post a loss of $0.24 per share when it actually produced a loss of $0.23, delivering a surprise of 4.17%. Over the last four quarters, the company has ...

HomeStreet Reports Third Quarter 2024 Results SEATTLE –October 29, 2024 – (BUSINESS WIRE) – HomeStreet, Inc. (Nasdaq: HMST) (including its consolidated subsidiaries, the "Company", "HomeStreet" or "we"), the parent company of HomeStreet Bank, today announced the financial results for the quarter ended September 30, 2024. As we present non-GAAP measures in this release, the reader should refer to the non-GAAP reconciliations set forth below under the section "Non-GAAP Financial Measures." Operating Results T ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ________________________________ ________________________________ FORM 10-Q ________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission file number: 001-35424 HOMESTREET, INC. (Exa ...

The reported revenue compares to the Zacks Consensus Estimate of $43.33 million, representing a surprise of -0.94%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being -$0.24. Efficiency Ratio: 111.9% compared to the 112.7% average estimate based on three analysts. Net Interest Margin: 1.4% versus 1.4% estimated by three analysts on average. Average Balance - Total interest earning assets: $8.86 billion versus the two-analyst average estimate of $9.02 billion. Total nonint ...

This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this real estate lender would post a loss of $0.06 per share when it actually produced a loss of $0.29, delivering a surprise of -383.33%. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. It will be interesting to see how estimates for the coming quarters and cu ...