HomeStreet (NASDAQ:HMST) Now Covered by StockNews.com

Analysts at StockNews.com started coverage on shares of HomeStreet (NASDAQ:HMST – Get Rating) in a research note issued to investors on Friday. The brokerage set a “sell” rating on the financial services provider’s stock.

Several other research analysts have also weighed in on HMST. Keefe, Bruyette & Woods lowered shares of HomeStreet from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $38.00 to $29.00 in a research note on Tuesday, January 31st. Piper Sandler raised shares of HomeStreet from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $24.00 to $28.00 in a report on Wednesday, February 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $36.00.

HomeStreet Price Performance

HMST opened at $20.20 on Friday. The company has a fifty day moving average price of $26.68 and a two-hundred day moving average price of $28.19. The firm has a market capitalization of $378.75 million, a PE ratio of 5.80 and a beta of 0.99. HomeStreet has a 52 week low of $18.11 and a 52 week high of $52.07. The company has a debt-to-equity ratio of 2.21, a quick ratio of 0.99 and a current ratio of 0.99.

HomeStreet (NASDAQ:HMST – Get Rating) last announced its quarterly earnings data on Friday, January 27th. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.32). HomeStreet had a return on equity of 11.59% and a net margin of 18.68%. The company had revenue of $65.36 million for the quarter, compared to analyst estimates of $69.40 million. As a group, analysts anticipate that HomeStreet will post 2.27 earnings per share for the current year.

Institutional Investors Weigh In On HomeStreet

Several institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. lifted its holdings in shares of HomeStreet by 77.9% in the third quarter. Prudential Financial Inc. now owns 34,207 shares of the financial services provider’s stock valued at $1,388,000 after purchasing an additional 14,980 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in HomeStreet by 15.5% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 24,096 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 3,236 shares during the last quarter. Congress Asset Management Co. MA boosted its position in HomeStreet by 1.1% during the 3rd quarter. Congress Asset Management Co. MA now owns 172,222 shares of the financial services provider’s stock worth $4,962,000 after acquiring an additional 1,821 shares during the last quarter. Great West Life Assurance Co. Can acquired a new stake in shares of HomeStreet in the third quarter valued at approximately $579,000. Finally, Royce & Associates LP raised its holdings in shares of HomeStreet by 17.9% in the third quarter. Royce & Associates LP now owns 29,594 shares of the financial services provider’s stock valued at $853,000 after purchasing an additional 4,491 shares during the last quarter. 83.93% of the stock is owned by institutional investors.

About HomeStreet

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HomeStreet, Inc is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking.