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HomeStreet ( (HMST) ) has shared an announcement.
On August 19, 2025, HomeStreet, Inc. and Mechanics Bank announced they received all necessary regulatory approvals for their strategic merger, initially agreed upon on March 28, 2025. The merger, which involves HomeStreet Bank merging into Mechanics Bank, is expected to close on or around September 2, 2025, pending customary closing conditions and shareholder approvals. This merger will result in Mechanics Bank becoming a wholly owned subsidiary of HomeStreet, which will be renamed Mechanics Bancorp and remain publicly traded.
The most recent analyst rating on (HMST) stock is a Hold with a $14.00 price target. To see the full list of analyst forecasts on HomeStreet stock, see the HMST Stock Forecast page.
Spark’s Take on HMST Stock
According to Spark, TipRanks’ AI Analyst, HMST is a Neutral.
HomeStreet’s overall stock score is impacted mainly by its weak financial performance, characterized by declining profitability, high leverage, and cash flow issues. Technical analysis provides some positive momentum, but valuation concerns due to a negative P/E ratio and no dividend yield further dampen the score. The absence of earnings call and corporate event data limits additional assessment.
To see Spark’s full report on HMST stock, click here.
More about HomeStreet
HomeStreet, Inc. is a diversified financial services company headquartered in Seattle, Washington, primarily engaged in real estate lending, mortgage banking, and commercial and consumer banking. Its principal subsidiary, HomeStreet Bank, serves consumers and businesses in the Western United States and Hawaii. Mechanics Bank is an independent, full-service bank based in Walnut Creek, California, with over $16 billion in assets and 111 branches, offering a wide range of consumer and business banking services.
Average Trading Volume: 74,643
Technical Sentiment Signal: Buy
Current Market Cap: $243.9M
For a thorough assessment of HMST stock, go to TipRanks’ Stock Analysis page.