Professional
Added to YB: 2025-07-03
Pitch date: 2025-06-30
HMST [neutral]
HomeStreet, Inc.
-1.31%
current return
Author Info
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Company Info
As of September 2, 2025, HomeStreet, Inc. was acquired by Mechanics Bank, in a reverse merger transaction.
Market Cap
$242.0M
Pitch Price
$12.96
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-1.73
EV/Sales
N/A
Sector
Banks
Category
special_situation
Clark Street Value Mid Year 2025 Portfolio Review: M&A/ Strategic Alternatives Process - HomeStreet, Inc.
HMST (holding update): Regional lender trading $13/share, 10x 2026 EPS. Failed FSUN merger led to MCHB reverse merger (91.7% ownership). Ford Financial Fund controls MCHB with track record of improving efficiency ratios before selling to larger banks. Plans 90%+ dividend payout to attract income investors. Closing Sept 1.
Read full article (1 min)