The strategy seems to have paid off.
In its latest quarterly report, HomeStreet said it earned $21.5 million, or $1.46 per share, for the period ended Dec. 31. That compares with $7 million, or $1.21 per share, a year earlier. For the year, the Seattle company earned $82.1 million, or $5.98 per share. In the prior year it earned $16.1 million, or $2.80 per share.
Cramer said the company has growth, consistency, and rigor of numbers.
And there may be one more reason to like the stock.
In a live interview on Mad Money, HomeStreet CEO Mark Mason told Cramer, "Dividends are in the plan for this year. Our board has discussed it. We're hoping to be able to announce something later this year."
Currently the market cap is a little over $400 million.
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