HMST Stock Summary and Trading Ideas (Homestreet | NASDAQ:HMST)

HomeStreet Inc is a commercial bank. It provides commercial loans and consumer loans including mortgage loans, deposit products, private banking, and cash management services. The company loan products include commercial business loans and agriculture loans, consumer loans, single family residential mortgages, loans secured by commercial real estate and construction loans for residential and commercial real estate projects.

Homestreet trades on the NASDAQ stock market under the symbol HMST.

As of May 8, 2024, HMST stock price declined to $10.39 with 3,104 million shares trading.

HMST has a beta of 3.79, meaning it tends to be more sensitive to market movements. HMST has a correlation of 0.22 to the broad based SPY ETF.

HMST has a market cap of $195.93 million. This is considered a Micro Cap stock.

Last quarter Homestreet reported $42 million in Revenue and -$.29 earnings per share. This fell short of revenue expectation by $-5 million and missed earnings estimates by -$.17.

In the last 3 years, HMST stock traded as high as $57.40 and as low as $4.20.

The top ETF exchange traded funds that HMST belongs to (by Net Assets): VTI, IWM, FNDA, VXF, AVUV.

HMST has outperformed the market in the last year with a return of +68.6%, while the SPY ETF gained +26.8%. However, in the most recent history, HMST shares have underperformed the stock market with its stock returning -17.1% in the last 3 month period and -19.9% for the last 2 week period, while SPY has returned +4.0% and +2.1%, respectively.

HMST support price is $10.11 and resistance is $10.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HMST stock will trade within this expected range on the day.