HomeStreet (HMST) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of HomeStreet (NASDAQ:HMST) from a hold rating to a buy rating in a research report sent to investors on Tuesday.

Several other research analysts have also recently issued reports on HMST. BidaskClub cut shares of HomeStreet from a sell rating to a strong sell rating in a report on Tuesday. Zacks Investment Research raised shares of HomeStreet from a sell rating to a hold rating in a report on Wednesday, July 4th. B. Riley raised their target price on shares of HomeStreet from $35.00 to $36.00 and gave the stock a buy rating in a report on Wednesday, July 25th. Finally, FIG Partners set a $30.00 price objective on shares of HomeStreet and gave the company a hold rating in a report on Wednesday, September 12th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $31.33.

Shares of HomeStreet stock traded down $0.40 during trading on Tuesday, hitting $26.13. 4,073 shares of the company’s stock were exchanged, compared to its average volume of 155,029. The company has a debt-to-equity ratio of 1.65, a current ratio of 1.06 and a quick ratio of 0.96. HomeStreet has a 52-week low of $24.50 and a 52-week high of $32.60. The stock has a market cap of $686.29 million, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.74 and a beta of 0.33.



HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, October 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. HomeStreet had a net margin of 11.41% and a return on equity of 5.96%. The firm had revenue of $109.75 million during the quarter, compared to analysts’ expectations of $114.14 million. During the same quarter last year, the company posted $0.51 earnings per share. As a group, equities analysts expect that HomeStreet will post 1.46 EPS for the current year.

In other HomeStreet news, EVP Mary L. Vincent sold 8,459 shares of HomeStreet stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $29.57, for a total value of $250,132.63. Following the completion of the transaction, the executive vice president now owns 14,123 shares of the company’s stock, valued at $417,617.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.64% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. increased its holdings in HomeStreet by 5.8% in the second quarter. BlackRock Inc. now owns 3,762,544 shares of the financial services provider’s stock valued at $101,399,000 after buying an additional 205,418 shares in the last quarter. Victory Capital Management Inc. increased its holdings in HomeStreet by 47.9% in the second quarter. Victory Capital Management Inc. now owns 1,018,955 shares of the financial services provider’s stock valued at $27,461,000 after buying an additional 330,003 shares in the last quarter. Millennium Management LLC increased its holdings in HomeStreet by 1.7% in the first quarter. Millennium Management LLC now owns 924,934 shares of the financial services provider’s stock valued at $26,499,000 after buying an additional 15,825 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in HomeStreet by 11.7% in the second quarter. Russell Investments Group Ltd. now owns 902,913 shares of the financial services provider’s stock valued at $24,339,000 after buying an additional 94,921 shares in the last quarter. Finally, Boston Partners increased its holdings in HomeStreet by 20.4% in the second quarter. Boston Partners now owns 510,450 shares of the financial services provider’s stock valued at $13,757,000 after buying an additional 86,500 shares in the last quarter. 81.25% of the stock is owned by institutional investors.

About HomeStreet

HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.

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Analyst Recommendations for HomeStreet (NASDAQ:HMST)

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