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HomeStreet ( (HMST) ) just unveiled an update.
HomeStreet Bank, a subsidiary of HomeStreet, Inc., completed the sale of $990 million in multifamily commercial real estate loans. The proceeds from this sale were primarily used to reduce borrowings from the Federal Home Loan Bank, which may impact the company’s financial leverage and liquidity management.
More about HomeStreet
HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, serving consumers and businesses in the Western United States and Hawaii. The company is engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking.
YTD Price Performance: 9.03%
Average Trading Volume: 178,514
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $211.8M
See more insights into HMST stock on TipRanks’ Stock Analysis page.
