HomeStreet, Inc. (NASDAQ:HMST) EVP Godfrey B. Evans Sells 4,636 Shares

HomeStreet, Inc. (NASDAQ:HMST) EVP Godfrey B. Evans sold 4,636 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $11.55, for a total value of $53,545.80. Following the completion of the transaction, the executive vice president now owns 67,049 shares in the company, valued at approximately $774,415.95. This represents a 6.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

HomeStreet Trading Down 2.9 %

NASDAQ:HMST opened at $11.46 on Wednesday. HomeStreet, Inc. has a 1-year low of $5.98 and a 1-year high of $16.10. The business’s 50-day moving average price is $13.38 and its two-hundred day moving average price is $12.72. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com assumed coverage on HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating on the stock. Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price target on HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a report on Tuesday, July 30th. Finally, Wedbush upgraded HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Tuesday, November 5th.

Hedge Funds Weigh In On HomeStreet

Hedge funds have recently added to or reduced their stakes in the stock. EMC Capital Management lifted its stake in HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,201 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of HomeStreet during the second quarter worth about $122,000. Vanguard Personalized Indexing Management LLC raised its position 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 during the period. Price T Rowe Associates Inc. MD raised its position in shares of HomeStreet by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 1,354 shares during the period. Finally, Barclays PLC raised its position in shares of HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock worth $377,000 after purchasing an additional 17,578 shares during the period. 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.