HomeStreet, Inc. Reports Third Quarter 2016 Results
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FBR Capital Raises Price Target on HomeStreet (HMST) Following Record 3Q
October 25, 2016 6:50 AM EDTFBR Capital reiterated an Outperform rating on HomeStreet (NASDAQ: HMST), and raised the price target to $30.00 (from $29.00), following the company's 3Q earnings report. HMST reported 3Q16 operating EPS of $1.12, ahead of the Street's $0.75. Approximately $0.70 is attributable to the residential mortgage banking segment and $0.42 attributable to the commercial and consumer banking segment.
Analyst Paul Miller commented, "After... More
HomeStreet (HMST) Tops Q3 EPS by 38c
October 24, 2016 4:10 PM EDTHomeStreet (NASDAQ: HMST) reported Q3 EPS of $1.12, $0.38 better than the analyst estimate of $0.74.
Record quarterly net income of $27.7 millionTotal assets of $6.23 billion grew $285.4 million, or 4.8%, from $5.94 billion at June 30, 2016Completed the purchase of two retail deposit branches and related... More