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HomeStreet ( (HMST) ) has issued an update.
On September 2, 2025, Mechanics Bancorp announced the completion of its merger with HomeStreet Bank, significantly expanding its footprint on the West Coast. The merger resulted in Mechanics Bank becoming a wholly owned subsidiary of Mechanics Bancorp, with the combined entity now operating 166 branches and holding over $22 billion in assets. The merger has led to a major restructuring of the company’s leadership, with several resignations and new appointments, including C.J. Johnson as the new President and CEO. The merger positions Mechanics Bancorp as a premier community bank on the West Coast, with a strong presence from San Diego to Seattle.
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
Mechanics Bancorp, headquartered in Walnut Creek, California, is the holding company of Mechanics Bank, a full-service bank with over $22 billion in assets and 166 branches across California, Oregon, Washington, and Hawaii. Founded in 1905, it offers a wide range of products and services in consumer and business banking, commercial lending, cash management services, private banking, and comprehensive wealth management and trust services.
Average Trading Volume: 94,652
Technical Sentiment Signal: Buy
Current Market Cap: $262.4M
See more data about HMST stock on TipRanks’ Stock Analysis page.