HomeStreet, Inc. (NASDAQ:HMST) CFO John Michel Buys 3,000 Shares

HomeStreet, Inc. (NASDAQ:HMSTGet Rating) CFO John Michel acquired 3,000 shares of the stock in a transaction dated Tuesday, May 24th. The shares were bought at an average price of $39.80 per share, for a total transaction of $119,400.00. Following the transaction, the chief financial officer now owns 40,000 shares in the company, valued at approximately $1,592,000. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

HomeStreet stock traded up $0.53 during trading hours on Tuesday, reaching $39.93. The stock had a trading volume of 168,106 shares, compared to its average volume of 184,319. The stock has a market cap of $746.85 million, a PE ratio of 7.79 and a beta of 1.03. HomeStreet, Inc. has a 52 week low of $36.20 and a 52 week high of $57.40. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.92. The company has a fifty day simple moving average of $44.18 and a 200-day simple moving average of $48.77.

HomeStreet (NASDAQ:HMSTGet Rating) last announced its quarterly earnings results on Monday, April 25th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.06. HomeStreet had a net margin of 31.04% and a return on equity of 15.46%. During the same period last year, the firm posted $1.35 EPS. Research analysts predict that HomeStreet, Inc. will post 4.26 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Tuesday, May 10th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Monday, May 9th. HomeStreet’s dividend payout ratio (DPR) is presently 27.34%.

HMST has been the topic of a number of analyst reports. StockNews.com initiated coverage on shares of HomeStreet in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. B. Riley decreased their target price on shares of HomeStreet from $60.00 to $55.00 in a research report on Tuesday, April 12th. Piper Sandler cut shares of HomeStreet from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $52.00 to $40.00 in a research report on Thursday, May 5th. Finally, Zacks Investment Research cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $52.50.

Institutional investors have recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in HomeStreet by 86.9% in the 2nd quarter. Royal Bank of Canada now owns 1,424 shares of the financial services provider’s stock worth $58,000 after acquiring an additional 662 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of HomeStreet by 52.0% during the 1st quarter. Captrust Financial Advisors now owns 2,573 shares of the financial services provider’s stock valued at $122,000 after purchasing an additional 880 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of HomeStreet by 164.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,007 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 1,869 shares in the last quarter. Advisor Group Holdings Inc. boosted its stake in shares of HomeStreet by 10.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,390 shares of the financial services provider’s stock valued at $161,000 after purchasing an additional 309 shares in the last quarter. Finally, Hightower 6M Holding LLC bought a new stake in shares of HomeStreet during the 1st quarter valued at about $200,000. 92.87% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Company Profile (Get Rating)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services.

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