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

Equities researchers at StockNews.com assumed coverage on shares of HomeStreet (NASDAQ:HMST) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the financial services provider’s stock.

A number of other research analysts also recently commented on HMST. Wedbush boosted their price target on HomeStreet from $15.00 to $16.00 and gave the company a “neutral” rating in a research note on Tuesday, January 30th. Keefe, Bruyette & Woods lifted their target price on HomeStreet from $11.00 to $15.50 and gave the company a “market perform” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to data from MarketBeat, HomeStreet currently has a consensus rating of “Hold” and an average target price of $12.17.

HomeStreet Stock Down 1.9 %

HMST stock opened at $12.44 on Tuesday. The company has a market cap of $234.62 million, a PE ratio of -8.52 and a beta of 1.32. The business has a 50-day simple moving average of $14.08 and a 200 day simple moving average of $10.72. HomeStreet has a 52 week low of $4.20 and a 52 week high of $17.67. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 3.66.

HomeStreet (NASDAQ:HMST) last posted its quarterly 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). The company had revenue of $45.95 million during the quarter, compared to analyst estimates of $49.73 million. HomeStreet had a negative net margin of 6.23% and a positive return on equity of 1.55%. Sell-side analysts anticipate that HomeStreet will post 0.19 EPS for the current fiscal year.

Insider Transactions at HomeStreet

In other news, Director Joanne R. Harrell purchased 1,685 shares of HomeStreet stock in a transaction dated Friday, March 15th. The shares were bought at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the completion of the acquisition, the director now owns 14,907 shares in the company, valued at approximately $221,667.09. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.60% of the company’s stock.

Institutional Trading of HomeStreet

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of HomeStreet by 167.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 2,055 shares during the last quarter. CWM LLC boosted its holdings in HomeStreet by 2,222.2% in the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 3,400 shares during the last quarter. AJOVista LLC bought a new stake in HomeStreet in the fourth quarter valued at approximately $38,000. Tower Research Capital LLC TRC boosted its holdings in HomeStreet by 132.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 2,503 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in HomeStreet in the third quarter valued at approximately $71,000. 74.71% of the stock is currently owned by institutional investors.

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.