HomeStreet SEC Approval Advances Mechanics Bank Merger

HomeStreet ( (HMST) ) has provided an announcement.

On March 28, 2025, HomeStreet, Inc. and Mechanics Bank entered into a merger agreement for an all-stock business combination, with HomeStreet Bank merging into Mechanics. The merger will result in Mechanics becoming a wholly owned subsidiary of HomeStreet. The SEC declared the registration statement effective on July 16, 2025, facilitating the transaction’s progress.

The most recent analyst rating on (HMST) stock is a Buy 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. operates in the banking industry, primarily offering commercial banking services through its subsidiary, HomeStreet Bank, a Washington state-chartered commercial bank.

Average Trading Volume: 73,865

Technical Sentiment Signal: Buy

Current Market Cap: $242.2M

See more data about HMST stock on TipRanks’ Stock Analysis page.