Market Overview

UPDATE: FIG Partners Initiates HomeStreet at Outperform on Mortgage Profitability

Related HMST
Earnings Scheduled For July 24, 2017
Earnings Scheduled For January 23, 2017

FIG Partners initiated coverage on HomeStreet (NASDAQ: HMST) with an Outperform rating and a $55 price target.

FIG Partners commented, "The majority of originated mortgage loans are underwritten to secondary market standards with most sold to or securitized by Fannie Mae, Freddie Mac or Ginnie Mae. As a result of the securitization process and low default rates, HomeStreet has recognized gross loan sale margins near 3% -- more than double the margin earned by originators that do not securitize."

HomeStreet closed at $40.29 on Monday.

Latest Ratings for HMST

Dec 2016FBR CapitalDowngradesOutperformMarket Perform
Sep 2016DA DavidsonDowngradesBuyNeutral
Oct 2015MacquarieMaintainsNeutral

View More Analyst Ratings for HMST
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Posted-In: FIG PartnersAnalyst Color Initiation Intraday Update Analyst Ratings


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