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

Equities researchers at StockNews.com began coverage on shares of HomeStreet (NASDAQ:HMST) in a report issued on Sunday. The brokerage set a “sell” rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the company. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a report on Thursday, June 20th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $13.50 price target on shares of HomeStreet in a report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $12.00.

HomeStreet Trading Down 0.9 %

HMST stock opened at $13.87 on Friday. The business has a fifty day moving average price of $10.88 and a 200 day moving average price of $12.48. HomeStreet has a fifty-two week low of $4.20 and a fifty-two week high of $15.82. The stock has a market capitalization of $261.59 million, a price-to-earnings ratio of -6.51 and a beta of 1.38. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.17 and a quick ratio of 1.17.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. The business had revenue of $41.61 million for the quarter, compared to analyst estimates of $48.07 million. Analysts expect that HomeStreet will post -0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On HomeStreet

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its stake in shares of 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 buying an additional 127,969 shares during the period. Acuitas Investments LLC boosted its position in shares of HomeStreet by 86.0% in the 4th 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. Kennedy Capital Management LLC bought a new position in shares of HomeStreet in the 1st quarter worth $3,720,000. CCG Wealth Management LLC boosted its position in shares of HomeStreet by 29.3% in the 1st quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider’s stock worth $3,458,000 after purchasing an additional 52,136 shares during the last quarter. Finally, Hennessy Advisors Inc. bought a new position in shares of HomeStreet in the 4th quarter worth $2,112,000. 74.71% of the stock is owned by institutional investors and hedge funds.

About HomeStreet

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.