Shares of HomeStreet Inc (NASDAQ:HMST) have been given an average rating of “Hold” by the eight brokerages that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $32.00.
A number of equities analysts recently issued reports on HMST shares. B. Riley reissued a “buy” rating and issued a $38.00 price objective on shares of HomeStreet in a report on Thursday, December 12th. TheStreet raised shares of HomeStreet from a “c+” rating to a “b” rating in a research report on Thursday, November 7th. BidaskClub lowered HomeStreet from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research cut HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 4th.
HMST stock traded up $0.02 during trading on Friday, reaching $33.00. The stock had a trading volume of 102,330 shares, compared to its average volume of 145,598. HomeStreet has a 52 week low of $23.80 and a 52 week high of $35.44. The stock’s 50 day moving average is $33.28 and its two-hundred day moving average is $29.71. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.19. The firm has a market cap of $805.18 million, a PE ratio of 39.76 and a beta of 0.73.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.21. HomeStreet had a return on equity of 4.88% and a net margin of 5.66%. The business had revenue of $71.71 million during the quarter, compared to the consensus estimate of $67.04 million. During the same period in the previous year, the company posted $0.45 EPS. On average, research analysts anticipate that HomeStreet will post 1.52 EPS for the current year.
In related news, Director Victor H. Indiek sold 3,272 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $31.28, for a total transaction of $102,348.16. Following the completion of the transaction, the director now directly owns 5,693 shares in the company, valued at approximately $178,077.04. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.64% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC bought a new position in shares of HomeStreet in the second quarter worth about $61,000. Bank of Montreal Can boosted its stake in HomeStreet by 92.4% in the 2nd quarter. Bank of Montreal Can now owns 4,659 shares of the financial services provider’s stock worth $138,000 after purchasing an additional 2,238 shares during the period. State of Tennessee Treasury Department grew its holdings in HomeStreet by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 11,776 shares of the financial services provider’s stock valued at $322,000 after buying an additional 926 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in HomeStreet by 104.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 18,746 shares of the financial services provider’s stock valued at $512,000 after buying an additional 9,556 shares in the last quarter. Finally, UBS Asset Management Americas Inc. grew its holdings in HomeStreet by 131.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 19,524 shares of the financial services provider’s stock valued at $579,000 after buying an additional 11,096 shares in the last quarter. Hedge funds and other institutional investors own 82.65% 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.
Further Reading: Hedge Funds Explained
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