HomeStreet (NASDAQ:HMST) Downgraded by BidaskClub

BidaskClub lowered shares of HomeStreet (NASDAQ:HMST) from a hold rating to a sell rating in a research report report published on Saturday morning, BidAskClub reports.

A number of other research firms have also recently commented on HMST. Zacks Investment Research raised HomeStreet from a hold rating to a strong-buy rating and set a $33.00 target price on the stock in a research note on Friday, July 26th. DA Davidson raised HomeStreet from an underperform rating to a neutral rating and set a $27.00 price target for the company in a research note on Friday, August 16th. Finally, TheStreet lowered HomeStreet from a b rating to a c+ rating in a research note on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $31.20.

HMST stock opened at $27.85 on Friday. The stock has a market cap of $646.28 million, a PE ratio of 18.82 and a beta of 0.68. HomeStreet has a 12 month low of $20.50 and a 12 month high of $31.96. The company has a 50-day moving average price of $27.04 and a 200 day moving average price of $28.04. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76.



HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.41). The firm had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $65.59 million. HomeStreet had a return on equity of 4.74% and a net margin of 4.74%. During the same period last year, the company earned $0.46 earnings per share. Sell-side analysts forecast that HomeStreet will post 1.21 EPS for the current year.

In related news, EVP Godfrey B. Evans bought 1,000 shares of the company’s stock in a transaction on Thursday, July 25th. The shares were acquired at an average cost of $28.48 per share, for a total transaction of $28,480.00. Following the purchase, the executive vice president now directly owns 46,432 shares of the company’s stock, valued at $1,322,383.36. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.64% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Cutler Group LP bought a new position in HomeStreet in the first quarter worth approximately $26,000. Meeder Asset Management Inc. lifted its holdings in shares of HomeStreet by 170.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,704 shares of the financial services provider’s stock worth $51,000 after buying an additional 1,075 shares during the period. Quantamental Technologies LLC purchased a new stake in shares of HomeStreet in the 2nd quarter worth $61,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of HomeStreet by 126.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,569 shares of the financial services provider’s stock worth $68,000 after buying an additional 1,437 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its position in shares of HomeStreet by 219.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,189 shares of the financial services provider’s stock worth $137,000 after buying an additional 3,564 shares in the last quarter. 89.12% of the stock is owned by hedge funds and other institutional investors.

About HomeStreet

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

Featured Article: Momentum Indicator: Relative Strength Index

Receive News & Ratings for HomeStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet and related companies with MarketBeat.com's FREE daily email newsletter.