Keefe, Bruyette & Woods Lowers HomeStreet (NASDAQ:HMST) Price Target to $13.50

HomeStreet (NASDAQ:HMST) had its target price cut by Keefe, Bruyette & Woods from $15.50 to $13.50 in a research report released on Tuesday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other research analysts also recently weighed in on the stock. Wedbush upped their target price on shares of HomeStreet from $15.00 to $16.00 and gave the stock a neutral rating in a report on Tuesday, January 30th. StockNews.com began coverage on shares of HomeStreet in a report on Wednesday, May 1st. They issued a sell rating for the company. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, HomeStreet presently has an average rating of Hold and an average price target of $11.50.

HomeStreet Trading Down 2.0 %

Shares of HMST stock opened at $10.48 on Tuesday. HomeStreet has a 1 year low of $4.20 and a 1 year high of $15.82. The firm has a fifty day moving average price of $13.64 and a 200-day moving average price of $11.14. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.17 and a quick ratio of 1.17. The company has a market cap of $197.65 million, a price-to-earnings ratio of -4.92 and a beta of 1.35.

Insider Buying and Selling at HomeStreet

In related news, Director Joanne R. Harrell acquired 1,685 shares of the company’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $14.87 per share, with a total value of $25,055.95. Following the acquisition, the director now directly owns 14,907 shares of the company’s stock, valued at $221,667.09. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Caldwell Sutter Capital Inc. bought a new position in shares of HomeStreet during the 1st quarter valued at about $903,000. CCG Wealth Management LLC raised its position in shares of HomeStreet by 29.3% during the 1st quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider’s stock valued at $3,458,000 after buying an additional 52,136 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of HomeStreet during the 4th quarter valued at about $2,112,000. Neuberger Berman Group LLC purchased a new stake in shares of HomeStreet during the 4th quarter valued at about $170,000. Finally, Tower Research Capital LLC TRC raised its position in shares of HomeStreet by 132.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock valued at $45,000 after buying an additional 2,503 shares in the last quarter. Institutional investors 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.