Investment Analysts’ Weekly Ratings Changes for HomeStreet (HMST)

HomeStreet (NASDAQ: HMST) recently received a number of ratings updates from brokerages and research firms:

  • 1/10/2019 – HomeStreet was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 1/10/2019 – HomeStreet was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “HomeStreet, Inc. is a diversified financial services company. The Company is engaged in real estate lending, including mortgage banking activities and retail and business banking operations and serves consumers and businesses in the Pacific Northwest and Hawaii. It offers deposit and investment products and cash management services and single family loans and commercial loans. HomeStreet’s primary subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. It operates in Washington, Oregon, Idaho and Hawaii. HomeStreet, Inc. is headquartered in Seattle, Washington. “
  • 1/2/2019 – HomeStreet was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 12/31/2018 – HomeStreet was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating.
  • 12/26/2018 – HomeStreet was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $24.00 price target on the stock. According to Zacks, “HomeStreet, Inc. is a diversified financial services company. The Company is engaged in real estate lending, including mortgage banking activities and retail and business banking operations and serves consumers and businesses in the Pacific Northwest and Hawaii. It offers deposit and investment products and cash management services and single family loans and commercial loans. HomeStreet’s primary subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. It operates in Washington, Oregon, Idaho and Hawaii. HomeStreet, Inc. is headquartered in Seattle, Washington. “
  • 12/22/2018 – HomeStreet was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 12/20/2018 – HomeStreet had its price target lowered by analysts at DA Davidson to $26.00. They now have a “neutral” rating on the stock.
  • 11/27/2018 – HomeStreet was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.

NASDAQ HMST traded down $0.06 during trading on Friday, hitting $25.56. The stock had a trading volume of 6,804 shares, compared to its average volume of 191,878. The stock has a market capitalization of $671.56 million, a price-to-earnings ratio of 15.21, a PEG ratio of 1.60 and a beta of 0.63. HomeStreet Inc has a 12 month low of $20.50 and a 12 month high of $32.60. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.95 and a current ratio of 1.02.

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 analysts’ consensus estimates of $0.41 by $0.03. HomeStreet had a return on equity of 5.94% and a net margin of 11.41%. The business had revenue of $109.75 million during the quarter, compared to analysts’ expectations of $114.14 million. During the same quarter in the prior year, the firm earned $0.51 EPS. On average, equities research analysts forecast that HomeStreet Inc will post 1.53 EPS for the current year.



A number of large investors have recently bought and sold shares of HMST. Acadian Asset Management LLC bought a new position in shares of HomeStreet in the 3rd quarter valued at about $163,000. Citadel Advisors LLC acquired a new position in shares of HomeStreet in the third quarter worth about $212,000. Trexquant Investment LP purchased a new stake in shares of HomeStreet during the third quarter worth about $232,000. SG Americas Securities LLC purchased a new stake in shares of HomeStreet during the second quarter worth about $250,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in HomeStreet during the 3rd quarter valued at about $251,000. 79.20% of the stock is owned by institutional investors.

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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