Is There Really No Place Like HomeStreet? Pt. II

In the first of this two-part series on HomeStreet (NASDAQ: HMST) bank we took a look at some of the things impeding its path to greater efficiency and profitability.

Now, we go into depth on some of the things it has gotten right, attempt to place an approximate value on the bank holding company, and consider catalysts for its potential realization.

As contributed to Seeking Alpha

Is There Really No Place Like HomeStreet? Pt. I

The MG2 re-branded thrift recently turned commercial bank founded in Washington State some 95 years ago has been through a resurgence of late with an expansion into southern California by way of the acquisition of Simplicity Bank completed last March, its CEO Mark Mason being named Seattle Business Magazine’s 2015 “CEO of The Year,” and a gradual improvement in its overall loan book.

We take a look to see if the former Continental Savings Bank can continue this positive momentum or if a return to its darker pre-2012 days may be ahead.

Read the entire article at Seeking Alpha