HomeStreet Inc. (HMST) is a small bank in the Pacific Northwest. It has been operating since the early 1900s but has only been public for one year. In 2012, it was one of the biggest-gainers in the S&P 500, gaining over 150% since its IPO. HomeStreet is a small bank with plans to be a regional name. With a market cap of only $300 million, HomeStreet has a ways to go. I believe this bank has the potential to return multiple times an investment today for a few reasons:
- They are a very efficient mortgage originator and have deep experience in this industry and region
- Their cost of deposits are declining steadily
- They are well positioned in a
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