Added to YB: 2024-11-01
Pitch date: 2024-10-30
HMST [bullish]
HomeStreet, Inc.
+41.01%
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
$9.07
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
-1.73
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
HomeStreet: Likely Deal Break w/ FSUN
HMST: FSUN merger likely dead due to regulatory issues. Stock down 33% to $9.30. Credit quality good, 2.5yr MF loan duration. $18.52 est. tangible fair value/share, $28.13 TBV. Still attractive M&A target at discount to TBV. Risky but bought more shares. Other buyers possible if deal expires.
Read full article (5 min)