HomeStreet (NASDAQ:HMST) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of HomeStreet (NASDAQ:HMSTFree Report) in a report published on Friday morning. The firm issued a sell rating on the financial services provider’s stock.

HMST has been the topic of a number of other research reports. Keefe, Bruyette & Woods upped their price target on HomeStreet from $11.00 to $15.50 and gave the stock a market perform rating in a report on Wednesday, January 17th. Wedbush increased their target price on HomeStreet from $15.00 to $16.00 and gave the company a neutral rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $12.17.

Get Our Latest Analysis on HMST

HomeStreet Stock Performance

HMST opened at $15.07 on Friday. The stock has a market cap of $284.22 million, a P/E ratio of -10.32 and a beta of 1.31. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.11 and a quick ratio of 1.10. The stock’s 50 day simple moving average is $14.18 and its 200 day simple moving average is $9.92. HomeStreet has a 1-year low of $4.20 and a 1-year high of $19.09.

HomeStreet (NASDAQ:HMSTGet Free Report) last released its quarterly earnings results on Monday, January 29th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.15). The firm had revenue of $45.95 million during the quarter, compared to analyst estimates of $49.73 million. HomeStreet had a positive return on equity of 1.55% and a negative net margin of 6.23%. As a group, equities analysts anticipate that HomeStreet will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Joanne R. Harrell bought 1,685 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $14.87 per share, with a total value of $25,055.95. Following the transaction, the director now owns 14,907 shares of the company’s stock, valued at approximately $221,667.09. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. State Street Corp raised its position in HomeStreet by 28.3% in the first quarter. State Street Corp now owns 1,092,200 shares of the financial services provider’s stock valued at $51,748,000 after purchasing an additional 240,973 shares during the period. Vanguard Group Inc. raised its position in HomeStreet by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 976,964 shares of the financial services provider’s stock valued at $10,063,000 after purchasing an additional 30,774 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in HomeStreet by 9.1% in the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 693,440 shares of the financial services provider’s stock valued at $7,142,000 after purchasing an additional 57,920 shares during the period. Morgan Stanley raised its position in HomeStreet by 9.1% in the fourth quarter. Morgan Stanley now owns 632,497 shares of the financial services provider’s stock valued at $17,444,000 after purchasing an additional 52,767 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in HomeStreet by 27.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock valued at $6,045,000 after purchasing an additional 127,969 shares during the period. 76.45% of the stock is owned by hedge funds and other institutional investors.

About HomeStreet

(Get Free Report)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.

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