HomeStreet (NASDAQ:HMST) Now Covered by Analysts at StockNews.com

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

Other analysts have also issued research reports about the company. Wedbush increased their target price on HomeStreet from $15.00 to $16.00 and gave the stock a neutral rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods lifted their price objective on shares of HomeStreet from $11.00 to $15.50 and gave the company a market perform rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $12.17.

HomeStreet Stock Performance

HomeStreet stock opened at $12.05 on Tuesday. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.11 and a quick ratio of 1.10. The firm has a market capitalization of $227.26 million, a P/E ratio of -8.25 and a beta of 1.32. HomeStreet has a 1-year low of $4.20 and a 1-year high of $15.82. The company’s 50-day moving average is $14.04 and its 200 day moving average is $10.78.

HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, January 29th. The financial services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.15). HomeStreet had a negative net margin of 6.23% and a positive return on equity of 1.55%. The business had revenue of $45.95 million for the quarter, compared to the consensus estimate of $49.73 million. Research analysts forecast that HomeStreet will post 0.19 EPS for the current year.

Insiders Place Their Bets

In related news, Director Joanne R. Harrell purchased 1,685 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were acquired at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the acquisition, the director now owns 14,907 shares of the company’s stock, valued at approximately $221,667.09. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its stake in HomeStreet by 167.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 2,055 shares in the last quarter. CWM LLC increased its position in shares of HomeStreet by 2,222.2% during the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,400 shares in the last quarter. AJOVista LLC purchased a new stake in shares of HomeStreet during the 4th quarter valued at $38,000. Tower Research Capital LLC TRC boosted its position in shares of HomeStreet by 132.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 2,503 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of HomeStreet in the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.

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.