HomeStreet (NASDAQ:HMST) Research Coverage Started at StockNews.com

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

HMST has been the subject of a number of other reports. Wedbush boosted their price target on shares of HomeStreet from $15.00 to $16.00 and gave the company a neutral rating in a research report on Tuesday, January 30th. Keefe, Bruyette & Woods boosted their target price on HomeStreet from $11.00 to $15.50 and gave the company a market perform rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Hold and an average target price of $12.17.

HomeStreet Price Performance

HMST stock opened at $12.97 on Tuesday. The business has a 50 day moving average price of $14.09 and a 200 day moving average price of $10.76. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 3.66. The stock has a market cap of $244.61 million, a price-to-earnings ratio of -8.88 and a beta of 1.32. HomeStreet has a fifty-two week low of $4.20 and a fifty-two week high of $17.67.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Monday, January 29th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.15). HomeStreet had a positive return on equity of 1.55% and a negative net margin of 6.23%. The company had revenue of $45.95 million for the quarter, compared to analyst estimates of $49.73 million. Equities research analysts anticipate that HomeStreet will post 0.19 earnings per share for the current fiscal year.

Insider Activity at HomeStreet

In other HomeStreet news, Director Joanne R. Harrell acquired 1,685 shares of the stock in a transaction on Friday, March 15th. The shares were bought at an average cost of $14.87 per share, with a total value of $25,055.95. Following the transaction, the director now 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 Securities & Exchange Commission, which is accessible through the SEC website. 4.60% of the stock is owned by insiders.

Institutional Investors Weigh In On HomeStreet

Hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in HomeStreet by 27.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock valued at $6,045,000 after acquiring an additional 127,969 shares during the period. Jacobs Levy Equity Management Inc. increased its holdings in shares of HomeStreet by 47.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock valued at $3,389,000 after purchasing an additional 140,357 shares during the period. Acuitas Investments LLC raised its stake in shares of HomeStreet by 86.0% during the fourth quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock worth $3,529,000 after purchasing an additional 158,455 shares during the last quarter. Terrapin Asset Management LLC acquired a new stake in shares of HomeStreet during the third quarter worth $1,926,000. Finally, CCG Wealth Management LLC grew its position in HomeStreet by 29.3% in the 1st quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider’s stock valued at $3,458,000 after buying an additional 52,136 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

HomeStreet Company Profile

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.