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

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

HMST has been the topic of a number of other reports. Keefe, Bruyette & Woods reduced their price target on shares of HomeStreet from $15.50 to $13.50 and set a “market perform” rating on the stock in a research report on Tuesday. Wedbush lifted their target price on shares of HomeStreet from $15.00 to $16.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to MarketBeat, HomeStreet presently has an average rating of “Hold” and an average target price of $11.50.

HomeStreet Price Performance

HMST opened at $10.48 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40. The stock has a market capitalization of $197.63 million, a P/E ratio of -4.92 and a beta of 1.35. The stock has a 50-day moving average price of $13.58 and a 200-day moving average price of $11.14. HomeStreet has a 12-month low of $4.20 and a 12-month high of $15.82.

Insider Transactions at HomeStreet

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in shares of HomeStreet by 27.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock valued at $6,045,000 after buying an additional 127,969 shares during the period. Jacobs Levy Equity Management Inc. increased its position in HomeStreet by 47.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock valued at $3,389,000 after purchasing an additional 140,357 shares during the period. Acuitas Investments LLC raised its holdings in HomeStreet by 86.0% in the 4th quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock worth $3,529,000 after purchasing an additional 158,455 shares in the last quarter. Terrapin Asset Management LLC purchased a new stake in shares of HomeStreet in the 3rd quarter worth about $1,926,000. Finally, CCG Wealth Management LLC boosted its stake 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 purchasing an additional 52,136 shares in the last quarter. 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.