David L. Parr Sells 5,210 Shares of HomeStreet, Inc. (NASDAQ:HMST) Stock

HomeStreet, Inc. (NASDAQ:HMST) EVP David L. Parr sold 5,210 shares of HomeStreet stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $11.53, for a total transaction of $60,071.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.

HomeStreet Trading Up 1.7 %

NASDAQ HMST opened at $10.99 on Friday. The company has a fifty day moving average of $12.10 and a 200 day moving average of $12.92. The company has a market capitalization of $207.25 million, a PE ratio of -8.45 and a beta of 1.49. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10. 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

A number of research analysts recently issued reports on HMST shares. 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 downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wedbush boosted their target price on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HMST. Wellington Management Group LLP raised its position in shares of HomeStreet by 494.0% in the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after acquiring an additional 557,977 shares during the period. Endeavour Capital Advisors Inc. raised its position in shares of HomeStreet by 113.6% in the second quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock worth $8,051,000 after acquiring an additional 375,581 shares during the period. Stieven Capital Advisors L.P. acquired a new position in shares of HomeStreet in the third quarter worth about $5,358,000. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of HomeStreet in the third quarter worth about $2,633,000. Finally, Philadelphia Financial Management of San Francisco LLC raised its position in shares of HomeStreet by 4.6% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock worth $24,624,000 after acquiring an additional 68,855 shares during the period. Institutional investors and hedge funds 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.