HomeStreet (NASDAQ:HMST) Given New $13.50 Price Target at Keefe, Bruyette & Woods

HomeStreet (NASDAQ:HMST) had its price objective lowered by Keefe, Bruyette & Woods from $15.50 to $13.50 in a research note published on Tuesday, Benzinga reports. The brokerage currently has a market perform rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. StockNews.com initiated coverage on HomeStreet in a report on Wednesday, May 1st. They set a sell rating for the company. Wedbush increased their price objective on HomeStreet from $15.00 to $16.00 and gave the company a neutral rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $11.50.

HomeStreet Price Performance

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

Insider Transactions at HomeStreet

In related news, Director Joanne R. Harrell purchased 1,685 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was purchased at an average cost of $14.87 per share, with a total value of $25,055.95. Following the completion of 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 document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On HomeStreet

Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its position 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 worth $26,000 after buying an additional 2,055 shares in the last quarter. CWM LLC raised its position in shares of HomeStreet by 2,222.2% in the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after buying an additional 3,400 shares in the last quarter. AJOVista LLC purchased a new stake in shares of HomeStreet in the fourth quarter worth $38,000. Tower Research Capital LLC TRC raised its position in shares of 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 worth $45,000 after buying an additional 2,503 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of HomeStreet in the third quarter worth $71,000. Hedge funds and other institutional investors 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.