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

StockNews.com started coverage on shares of HomeStreet (NASDAQ:HMST) in a research note published on Saturday. The firm issued a sell rating on the financial services provider’s stock.

Several other analysts have also weighed in on the company. Wedbush lifted their price objective on HomeStreet from $15.00 to $16.00 and gave the stock a neutral rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods decreased their price target on shares of HomeStreet from $15.50 to $13.50 and set a market perform rating on the stock in a research note on Tuesday, May 7th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $11.50.

HomeStreet Price Performance

Shares of HomeStreet stock opened at $9.35 on Friday. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $176.34 million, a PE ratio of -4.39 and a beta of 1.35. The firm has a fifty day moving average price of $12.43 and a two-hundred day moving average price of $11.54. HomeStreet has a fifty-two week low of $4.20 and a fifty-two week high of $15.82.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Tuesday, April 30th. The financial services provider reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. The company had revenue of $41.61 million for the quarter, compared to analyst estimates of $48.07 million. Analysts expect that HomeStreet will post -0.8 EPS for the current year.

Insider Buying and Selling at HomeStreet

In related news, Director Joanne R. Harrell acquired 1,685 shares of the company’s stock in a transaction on Friday, March 15th. The stock was purchased at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the completion of the purchase, the director now directly owns 14,907 shares of the company’s stock, valued at approximately $221,667.09. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Terrapin Asset Management LLC acquired a new position in HomeStreet in the third quarter worth $1,926,000. Kennedy Capital Management LLC bought a new stake in HomeStreet during the 1st quarter worth about $3,720,000. Hennessy Advisors Inc. acquired a new stake in HomeStreet in the 4th quarter valued at about $2,112,000. Assenagon Asset Management S.A. raised its stake in shares of HomeStreet by 1,460.5% in the third quarter. Assenagon Asset Management S.A. now owns 184,013 shares of the financial services provider’s stock worth $1,433,000 after acquiring an additional 172,221 shares during the last quarter. Finally, Acuitas Investments LLC raised its stake in shares of HomeStreet by 86.0% in the fourth quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock worth $3,529,000 after acquiring an additional 158,455 shares during the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

About HomeStreet

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.