HomeStreet (HMST) Rating Increased to Hold at BidaskClub

HomeStreet (NASDAQ:HMST) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Friday, BidAskClub reports.

HMST has been the subject of several other research reports. TheStreet raised shares of HomeStreet from a “c+” rating to a “b-” rating in a research note on Thursday, January 24th. Sandler O’Neill upgraded shares of HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a report on Friday. Zacks Investment Research raised shares of HomeStreet from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, December 26th. B. Riley boosted their price target on shares of HomeStreet to $35.00 and gave the company a “buy” rating in a report on Tuesday, February 19th. Finally, ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.17.

HomeStreet stock opened at $28.66 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.04 and a quick ratio of 0.98. The stock has a market cap of $733.94 million, a PE ratio of 19.36, a P/E/G ratio of 1.95 and a beta of 0.72. HomeStreet has a 1 year low of $20.50 and a 1 year high of $31.55.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. HomeStreet had a net margin of 7.88% and a return on equity of 5.61%. The business had revenue of $100.00 million for the quarter, compared to the consensus estimate of $103.76 million. During the same period last year, the company posted $0.42 EPS. Equities analysts forecast that HomeStreet will post 1.99 EPS for the current year.

Several large investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in HomeStreet by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,271,407 shares of the financial services provider’s stock worth $60,193,000 after purchasing an additional 20,458 shares in the last quarter. Teachers Advisors LLC lifted its stake in HomeStreet by 4.3% in the third quarter. Teachers Advisors LLC now owns 67,737 shares of the financial services provider’s stock valued at $1,795,000 after buying an additional 2,821 shares in the last quarter. Boston Partners boosted its holdings in shares of HomeStreet by 66.4% in the fourth quarter. Boston Partners now owns 794,929 shares of the financial services provider’s stock valued at $16,876,000 after buying an additional 317,139 shares during the period. Bank of Montreal Can boosted its holdings in shares of HomeStreet by 110.5% in the fourth quarter. Bank of Montreal Can now owns 2,261 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,187 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of HomeStreet by 20.2% in the fourth quarter. Rhumbline Advisers now owns 76,479 shares of the financial services provider’s stock valued at $1,624,000 after buying an additional 12,851 shares during the period. Institutional investors and hedge funds own 80.85% of the company’s stock.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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Analyst Recommendations for HomeStreet (NASDAQ:HMST)

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