Insider Buying: HomeStreet, Inc. (NASDAQ:HMST) Director Buys $57,450.00 in Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins bought 5,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $57,450. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

HomeStreet Stock Down 0.8 %

Shares of HomeStreet stock opened at $10.90 on Friday. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. The stock has a market capitalization of $205.55 million, a price-to-earnings ratio of -8.38 and a beta of 1.49. 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 business’s 50 day simple moving average is $12.10 and its 200-day simple moving average is $12.92.

Institutional Investors Weigh In On HomeStreet

Hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in shares of HomeStreet during the second quarter valued at approximately $122,000. Vanguard Personalized Indexing Management LLC boosted its stake in 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 valued at $164,000 after buying an additional 2,703 shares in the last quarter. Barclays PLC raised its position in HomeStreet by 276.4% in the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 17,578 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in HomeStreet in the 2nd quarter valued at about $410,000. Finally, Quest Partners LLC boosted its position in shares of HomeStreet by 2,941,900.0% during the 3rd quarter. Quest Partners LLC now owns 29,420 shares of the financial services provider’s stock valued at $464,000 after purchasing an additional 29,419 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HMST has been the subject of a number of recent analyst reports. StockNews.com started coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They set a “sell” rating for the company. Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wedbush boosted their price target on HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday.

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.