Alert: Major Price Decline (11/7/23)-HomeStreet Inc (NASDAQ: HMST).


HomeStreet Inc (NASDAQ: HMST) stock closed at $5.74 on 11/7/23 after a major decline of -11.4%. The stock has risen 25.6% during the last week but has been extremely weak relative to the market over the last nine months.


Current PriceTarget Research Rating

With future capital returns forecasted to be in line with the cost of capital, HMST is expected to be Value Creation neutral.

HomeStreet has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. HomeStreet has a very high Appreciation Score of 93 but a very low Power Rating of 1, producing the Low Neutral Value Trend Rating.

Rating Review

In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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