HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii.
Flawless balance sheet with acceptable track record.
Share Price & News
How has HomeStreet's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: HMST has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: HMST exceeded the US Mortgage industry which returned 5.8% over the past year.
Return vs Market: HMST underperformed the US Market which returned 17.8% over the past year.
Price Volatility Vs. Market
How volatile is HomeStreet's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 weeks ago | Simply Wall StBe Sure To Check Out HomeStreet, Inc. (NASDAQ:HMST) Before It Goes Ex-Dividend
1 month ago | Simply Wall StHomeStreet, Inc. (NASDAQ:HMST) Insiders Increased Their Holdings
2 months ago | Simply Wall StThe HomeStreet (NASDAQ:HMST) Share Price Has Gained 92% And Shareholders Are Hoping For More
Is HomeStreet undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: HMST ($31.18) is trading above our estimate of fair value ($30.19)
Significantly Below Fair Value: HMST is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: HMST is poor value based on its PE Ratio (19.6x) compared to the Mortgage industry average (13.6x).
PE vs Market: HMST is poor value based on its PE Ratio (19.6x) compared to the US market (18.2x).
Price to Earnings Growth Ratio
PEG Ratio: HMST is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: HMST is good value based on its PB Ratio (1.1x) compared to the US Mortgage industry average (1.1x).
How is HomeStreet forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: HMST's forecast earnings growth (19.5% per year) is above the savings rate (1.7%).
Earnings vs Market: HMST's earnings (19.5% per year) are forecast to grow faster than the US market (14.1% per year).
High Growth Earnings: HMST's earnings are forecast to grow, but not significantly.
Revenue vs Market: HMST's revenue (2.4% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: HMST's revenue (2.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: HMST's Return on Equity is forecast to be low in 3 years time (8.7%).
How has HomeStreet performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: HMST has high quality earnings.
Growing Profit Margin: HMST's current net profit margins (15.4%) are higher than last year (9.2%).
Past Earnings Growth Analysis
Earnings Trend: HMST's earnings have grown by 6.8% per year over the past 5 years.
Accelerating Growth: HMST's earnings growth over the past year (1.7%) is below its 5-year average (6.8% per year).
Earnings vs Industry: HMST earnings growth over the past year (1.7%) underperformed the Mortgage industry 11.1%.
Return on Equity
High ROE: HMST's Return on Equity (6%) is considered low.
Return on Assets
Return on Capital Employed
How is HomeStreet's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: HMST has a low level of unsold assets or inventory.
Debt Coverage by Assets: HMST's debt is not covered by short term assets (assets are 0.5x debt).
Financial Institutions Analysis
Asset Level: HMST's level of assets compared to its equity is moderate.
Allowance for Bad Loans: HMST has a sufficient allowance for bad loans.
Low Risk Liabilities: HMST's liabilities are made up of primarily low risk sources of funding.
Loan Level: HMST has an acceptable proportion of non-loan assets held.
Low Risk Deposits: HMST's loans are broadly funded by customer deposits.
Level of Bad Loans: HMST has an appropriate level of bad loans (0.25%)
What is HomeStreet's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: HMST's dividend (1.92%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: HMST's dividend (1.92%) is low compared to the top 25% of dividend payers in the US market (3.73%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether HMST's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if HMST's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: HMST's dividends in 3 years are forecast to be well covered by earnings (24.3% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mark Mason (59yo)
Mr. Mark K. Mason has been the Chief Executive Officer of HomeStreet, Inc. since January 20, 2010, President since August 2010 and as its Executive Chairman of the Board since March 2015. Mr. Mason has bee ...
CEO Compensation Analysis
Compensation vs Market: Mark's total compensation ($USD1.66M) is below average for companies of similar size in the US market ($USD2.51M).
Compensation vs Earnings: Mark's compensation has been consistent with company performance over the past year.
|Executive Chairman||10.1yrs||US$1.66m||0.62% $4.6m|
|Executive VP & CFO||2.8yrs||US$677.54k||0.036% $267.6k|
|Chief Investment Officer||7.6yrs||US$642.15k||0.23% $1.7m|
|Commercial Capital President & Executive VP of Commercial Real Estate of Homestreet Bank||0yrs||US$1.22m||0.015% $112.9k|
|Senior EVP & Mortgage Lending Director of HomeStreet Bank||5.1yrs||US$901.04k||0.099% $740.4k|
|Executive VP & Chief Information Officer||4.7yrs||no data||0.017% $123.7k|
|Chief Administrative Officer||9.9yrs||US$690.69k||0.20% $1.5m|
|Investor Relations Officer||0yrs||no data||no data|
|Executive VP & Human Resources Director||5.1yrs||no data||0.13% $991.7k|
|Executive Vice President||0yrs||US$311.97k||0.14% $1.0m|
Experienced Management: HMST's management team is seasoned and experienced (5.1 years average tenure).
|Executive Chairman||10.1yrs||US$1.66m||0.62% $4.6m|
|Chairman Emeritus||4.9yrs||US$89.25k||0.16% $1.2m|
|Independent Director||8yrs||US$86.33k||0.082% $610.4k|
|Independent Director||8yrs||US$122.25k||0.098% $733.3k|
|Independent Director||2.1yrs||US$89.50k||0.41% $3.0m|
|Independent Director||1.8yrs||US$49.92k||0.029% $217.7k|
|Director||0.3yrs||no data||0.00093% $6.9k|
|Independent Director||8yrs||US$96.25k||0.10% $777.2k|
|Lead Independent Director||1.7yrs||US$113.03k||0.031% $230.5k|
|Independent Director||8yrs||US$100.50k||0.33% $2.5m|
Experienced Board: HMST's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: HMST insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
HomeStreet, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: HomeStreet, Inc.
- Ticker: HMST
- Exchange: NasdaqGS
- Founded: 1921
- Industry: Thrifts and Mortgage Finance
- Sector: Banks
- Market Cap: US$744.917m
- Shares outstanding: 23.89m
- Website: https://www.homestreet.com
Number of Employees
- HomeStreet, Inc.
- 601 Union Street
- Suite 2000
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HMST||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Feb 2012|
HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking 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; non-deposit investment products; and insurance products and cash management services. It also offers consumer loans, single family residential mortgages, loans secured by commercial real estate, construction loans for residential and commercial real estate projects, commercial business loans, and agricultural loans; and 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, lending centers, and ATMs, as well as through online, mobile, and telephone banking. The Mortgage Banking segment originates single family residential mortgage loans for sale in the secondary market. This segment is also involved in the sale of loans on a servicing-released and servicing-retained basis to securitizers and correspondent lenders. As of December 31, 2018, it had a network of 60 retail deposit branches located in Washington state, Southern California, the Portland, Oregon, and Hawaii; and 32 primary stand-alone home loan centers and 6 primary commercial lending centers. The company was formerly known as Continental Mortgage and Loan Company. HomeStreet, Inc. was founded in 1921 and is headquartered in Seattle, Washington.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/24 01:23|
|End of Day Share Price||2020/02/21 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.