HomeStreet (NASDAQ:HMST) Now Covered by StockNews.com

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

Other equities analysts also recently issued reports about the stock. Wedbush upped their price objective on shares of HomeStreet from $15.00 to $16.00 and gave the company a neutral rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of HomeStreet from $11.00 to $15.50 and gave the company a market perform rating in a research note on Wednesday, January 17th. Finally, Piper Sandler decreased their price target on shares of HomeStreet from $8.00 to $5.00 and set a neutral rating on the stock in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, HomeStreet currently has an average rating of Hold and an average price target of $12.17.

Check Out Our Latest Report on HMST

HomeStreet Price Performance

NASDAQ:HMST opened at $12.58 on Friday. HomeStreet has a one year low of $4.20 and a one year high of $28.05. The company has a market cap of $236.63 million, a P/E ratio of -8.62 and a beta of 1.33. The firm’s fifty day moving average price is $11.24 and its two-hundred day moving average price is $8.98. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.11 and a quick ratio of 1.10.

Hedge Funds Weigh In On HomeStreet

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its stake in HomeStreet by 167.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,055 shares in the last quarter. CWM LLC grew its stake in HomeStreet by 2,222.2% during the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after buying an additional 3,400 shares in the last quarter. AJOVista LLC acquired a new stake in HomeStreet during the fourth quarter worth about $38,000. Point72 Hong Kong Ltd acquired a new stake in HomeStreet during the second quarter worth about $40,000. Finally, US Bancorp DE acquired a new stake in HomeStreet during the fourth quarter worth about $69,000. 76.45% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Company Profile

(Get Free Report)

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

Featured Stories

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.