HomeStreet (NASDAQ:HMST) Research Coverage Started at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of HomeStreet (NASDAQ:HMST) in a research report issued on Thursday. The firm set a “sell” rating on the financial services provider’s stock.

A number of other research analysts also recently issued reports on HMST. Wedbush raised their price target 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 cut their target price on shares of HomeStreet from $15.50 to $13.50 and set a “market perform” rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating and three have given a hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

HomeStreet Stock Performance

NASDAQ HMST opened at $10.48 on Thursday. The company has a fifty day moving average of $13.58 and a two-hundred day moving average of $11.14. The company has a market capitalization of $197.63 million, a PE ratio of -4.92 and a beta of 1.35. HomeStreet has a 1 year low of $4.20 and a 1 year high of $15.82. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.17 and a quick ratio of 1.17.

Insider Transactions at HomeStreet

In other news, Director Joanne R. Harrell acquired 1,685 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the transaction, the director now directly owns 14,907 shares in the company, valued at approximately $221,667.09. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On HomeStreet

A number of institutional investors have recently added to or reduced their stakes in HMST. Allspring Global Investments Holdings LLC acquired a new stake in shares of HomeStreet in the 3rd quarter valued at approximately $71,000. Assenagon Asset Management S.A. grew its stake in shares of HomeStreet by 1,460.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 184,013 shares of the financial services provider’s stock worth $1,433,000 after purchasing an additional 172,221 shares during the period. Vanguard Personalized Indexing Management LLC acquired a new position in shares of HomeStreet during the 3rd quarter worth $84,000. Campbell & CO Investment Adviser LLC increased its holdings in shares of HomeStreet by 135.0% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 32,827 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 18,859 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of 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 purchasing an additional 2,055 shares during the period. Hedge funds and other 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.