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How to buy HomeStreet (HMST) stocks in Canada

Learn how to easily invest in HomeStreet stocks.

HomeStreet is a banks-regional business based in the US. HomeStreet stocks (HMST.US) are listed on the NASDAQ and all prices are listed in US Dollars. Its last market close was $38.34 – an increase of 0.6% over the previous week. HomeStreet employs 983 staff and has a trailing 12-month revenue of around $370.4 million.

How to buy shares in HomeStreet

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. Research the stock. Find the stock by name or ticker symbol – HMST – and research it before deciding if it's a good investment for you.
  5. Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

Is it a good time to buy HomeStreet stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

How has Coronavirus impacted HomeStreet's stock price?

Since the stock market crash in March caused by coronavirus, HomeStreet's stock price has had significant positive movement.

Its last market close was $56.63, which is 44.94% up on its pre-crash value of $31.18 and 207.10% up on the lowest point reached during the March crash when the stocks fell as low as $18.44.

If you had bought $1,000 worth of HomeStreet stocks at the start of February 2020, those stocks would have been worth $604.98 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,774.22.

HomeStreet stock price (NASDAQ:HMST)

Use our graph to track the performance of HMST stocks over time.

HomeStreet shares at a glance

Information last updated 2022-01-09.
Latest market close$56.63
52-week range$32.20 - $57.33
50-day moving average $50.71
200-day moving average $43.75
Wall St. target price$56.17
PE ratio 10.663
Dividend yield $0.9 (1.8%)
Earnings per share (TTM) $5.28

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Note: The dollar amounts in the table below are in Canadian dollars.

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HomeStreet price performance over time

Historical closes compared with the close of $56.63 from 2022-01-14

1 week (2022-01-07) 0.60%
1 month (2021-12-16) 13.33%
3 months (2021-10-15) 33.22%
6 months (2021-07-16) 47.82%
1 year (2021-01-15) 55.19%
2 years (2020-01-16) 71.68%
3 years (2019-01-16) 119.41%
5 years (2017-01-13) 94.60%

Is HomeStreet under- or over-valued?

Valuing HomeStreet stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of HomeStreet's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

HomeStreet's P/E ratio

HomeStreet's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 11x. In other words, HomeStreet shares trade at around 11x recent earnings.

That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

HomeStreet's PEG ratio

HomeStreet's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.82. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into HomeStreet's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

HomeStreet financials

Revenue TTM $370.4 million
Operating margin TTM 39.72%
Gross profit TTM $337.6 million
Return on assets TTM 1.54%
Return on equity TTM 16.15%
Profit margin 30.67%
Book value $34.74
Market capitalisation $1.2 billion

TTM: trailing 12 months

HomeStreet share dividends

18%

Dividend payout ratio: 18.18% of net profits

Recently HomeStreet has paid out, on average, around 18.18% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.8% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), HomeStreet shareholders could enjoy a 1.8% return on their shares, in the form of dividend payments. In HomeStreet's case, that would currently equate to about $0.9 per share.

While HomeStreet's payout ratio might seem low, this can signify that HomeStreet is investing more in its future growth.

HomeStreet's most recent dividend payout was on 23 November 2021. The latest dividend was paid out to all shareholders who bought their shares by 8 November 2021 (the "ex-dividend date").

Have HomeStreet's shares ever split?

HomeStreet's shares were split on a 2:1 basis on 8 November 2012. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your HomeStreet shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for HomeStreet shares which in turn could have impacted HomeStreet's share price.

HomeStreet share price volatility

Over the last 12 months, HomeStreet's shares have ranged in value from as little as $32.1971 up to $57.33. A popular way to gauge a stock's volatility is its "beta".

HMST.US volatility(beta: 1.03)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while HomeStreet's is 1.0279. This would suggest that HomeStreet's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).

HomeStreet overview

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 Western United States. The company offers deposit and insurance products and services. Its loan products include commercial business and agriculture loans, single family residential mortgages, consumer loans, commercial loans secured by residential and commercial real estate, and construction loans for residential and commercial real estate development, as well as consumer installment loans and permanent loans on commercial real estate and single family residences. In addition, the company offers its products and services through bank branches, loan production offices, and ATMs, as well as through online, mobile, and telephone banking. As of December 31, 2020, it operated 62 full-service bank branches located in Washington state, Northern and Southern California, the Portland, Oregon, and Hawaii; and five primary stand-alone commercial lending centers in Central Washington, Oregon, Southern California, Idaho, and Utah. HomeStreet, Inc.

Frequently asked questions

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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