HomeStreet, Inc. (NASDAQ:HMST) CFO John Michel Sells 8,000 Shares

HomeStreet, Inc. (NASDAQ:HMST) CFO John Michel sold 8,000 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $11.26, for a total transaction of $90,080.00. Following the sale, the chief financial officer now directly owns 28,409 shares in the company, valued at approximately $319,885.34. This represents a 21.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

HomeStreet Price Performance

NASDAQ:HMST opened at $11.80 on Tuesday. The company’s 50-day moving average is $13.38 and its two-hundred day moving average is $12.72. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. The firm has a market cap of $222.55 million, a price-to-earnings ratio of -9.08 and a beta of 1.42. HomeStreet, Inc. has a 12-month low of $5.98 and a 12-month high of $16.10.

Analyst Upgrades and Downgrades

HMST has been the subject of a number of research reports. Keefe, Bruyette & Woods lifted their price target on shares of HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. StockNews.com initiated coverage on HomeStreet in a research report on Sunday, September 22nd. They set a “sell” rating on the stock. Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wedbush raised HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price target for the company in a research note on Tuesday, November 5th.

Institutional Trading of HomeStreet

Several hedge funds and other institutional investors have recently bought and sold shares of the company. EMC Capital Management increased its stake in shares of HomeStreet by 16.2% during the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,201 shares during the last quarter. Squarepoint Ops LLC acquired a new position in shares of HomeStreet during the 2nd quarter valued at $122,000. Vanguard Personalized Indexing Management LLC lifted its stake in shares of HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 2,703 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 1,354 shares during the period. Finally, Barclays PLC boosted its stake in shares of HomeStreet by 276.4% in the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 17,578 shares during the period. 74.71% of the stock is owned by hedge funds and other institutional investors.

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.