How to Buy Homestreet Stock
Homestreet Inc
HomeStreet, Inc. operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States.
Homestreet stock last closed at $12.23, down 0.33% from the previous day, and has increased 8.52% in one year. It has underperformed other stocks in the Banks - Regional industry by 0.11 percentage points. Homestreet stock is currently +191.19% from its 52-week low of $4.20, and -22.69% from its 52-week high of $15.82.
There are currently 18.86M HMST shares outstanding. The market capitalization of HMST is $230.63M. In the past 24 hours, 236,083 HMST shares were traded.
How to Buy Homestreet Stock
Wondering how to invest in Homestreet stock? Here's how.
- Figure out where to buy Homestreet stock: You need to choose a stock brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Homestreet stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your brokerage account: Select your method of payment and add your info.
- Evaluate Homestreet stock: The Homestreet ticker symbol is HMST. Is Homestreet stock a good investment? Should you buy shares of HMST? How do HMST's underlying business fundamentals look? Do top analysts think Homestreet is a good buy? Why has HMST's stock price moved recently? (Hint: Our stock research website can help you figure out if HMST is a good stock to buy).
- Execute your HMST trade: Decide if you will purchase HMST shares at the current market price or use a limit order to purchase HMST stock at a specific price.
- Get key alerts regarding your HMST investment: Create a watchlist to watch your position in Homestreet shares.
Step 1: Figure out where to buy Homestreet stock
You need an online brokerage account in order to access the NASDAQ market and buy HMST shares.
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Open eToro AccountStep 2: Open a brokerage account
Now that you've selected the right brokerage, the next step is to fill out some personal info so you can buy HMST today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to create a new trading account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
Step 3: Fund your brokerage account
Now that you have created your account on a investment app, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing funds into your new brokerage account.
Step 4: Evaluate Homestreet stock
Once you have decided on the best place to buy Homestreet stock, it's very important to evaluate their stock prior to investing, so you actually understand the risk as well as the upside.
Overview of key HMST info
Homestreet Overview
WallStreetZen was built to help part-time investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on HMST's stock page.
Is HMST stock undervalued or overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge HMST's intrinsic value.
Using relative valuations metrics:
- HMST could be undervalued based on its P/B ratio of 0.43x, relative to Banks - Regional industry P/B ratio of 0.99x
You can do more valuation analysis on HMST's stock here.
HMST Financials at a glance
Cons:
- HMST's operating cash flow of $8.02M allows it to safely service it's debt of $1.97B.
- HMST profit margin has gone down from 22.9% to -13.2% in the past year.
- HMST has a relatively high debt to equity ratio of 16.45.
- Total HMST debt is higher than 5 years ago, relative to shareholder equity.
- HMST earnings of -$32.76M is not enough to cover its interest payments.
Is HMST stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 3 sell side analysts who track HMST, the consensus analyst rating on HMST is a Hold
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are projecting on the Homestreet stock forecast page.
HMST Momentum
HMST Performance Metrics
Last year, HMST revenue was $209.12M. Over the last five year, HMST's revenue has increased by -1.32% per year. This was slower than the Banks - Regional industry average of 7.5%.
You can analyze HMST's earnings and revenue performance here.
Who is buying/selling HMST?
Over the past 12 months, insiders at HMST have bought more shares than they have sold.
Joanne R. Harrell, Director of HMST, was the latest HMST insider to buy. They bought $25,042.76 worth of HMST stock on Mar 15, 2024.
Get more info about who owns HMST shares here.
Can I rely on HMST as an income stream?
No, Homestreet doesn't provide an income stream by paying out dividends.
Get opinions from other investors
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your HMST trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are mostly fine. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given dollar amount, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you want more info about investing in stocks on eToro, click the how to video below:
Step 6: Get key alerts regarding your HMST investment
Now that you own some shares in HMST, you'll want to keep up with your new investment.
Create a watchlist to get notified of important updates regarding your HMST stock.
HMST Feed
How to Buy Stock in Homestreet
To reiterate, here are the 6 steps to buy stock in Homestreet:
- Figure out where to buy Homestreet stock
- Open a brokerage account
- Fund your brokerage account
- Evaluate Homestreet stock
- Execute your HMST trade
- Get key alerts regarding your HMST investment
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to monitor your investment in Homestreet, click below.
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