HomeStreet Inc (NASDAQ:HMST) EVP Godfrey B. Evans sold 726 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $30.51, for a total transaction of $22,150.26. Following the completion of the transaction, the executive vice president now owns 44,012 shares in the company, valued at approximately $1,342,806.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
HomeStreet stock opened at $27.75 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 1.05. HomeStreet Inc has a 12 month low of $24.00 and a 12 month high of $32.60. The company has a market capitalization of $748.47, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.26 and a beta of 0.34.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). HomeStreet had a return on equity of 7.26% and a net margin of 12.54%. The company had revenue of $123.88 million during the quarter, compared to analysts’ expectations of $127.13 million. During the same quarter in the prior year, the company posted $0.09 EPS. sell-side analysts expect that HomeStreet Inc will post 2.05 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. California State Teachers Retirement System boosted its position in HomeStreet by 2.2% in the 2nd quarter. California State Teachers Retirement System now owns 51,359 shares of the financial services provider’s stock worth $1,421,000 after purchasing an additional 1,100 shares in the last quarter. First Interstate Bank lifted its position in shares of HomeStreet by 34.2% during the 3rd quarter. First Interstate Bank now owns 7,500 shares of the financial services provider’s stock valued at $203,000 after buying an additional 1,910 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of HomeStreet by 11.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 20,017 shares of the financial services provider’s stock valued at $579,000 after buying an additional 1,990 shares in the last quarter. American International Group Inc. lifted its position in shares of HomeStreet by 10.5% during the 4th quarter. American International Group Inc. now owns 21,451 shares of the financial services provider’s stock valued at $621,000 after buying an additional 2,043 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of HomeStreet by 2.4% during the 3rd quarter. Prudential Financial Inc. now owns 91,850 shares of the financial services provider’s stock valued at $2,480,000 after buying an additional 2,140 shares in the last quarter. Institutional investors and hedge funds own 79.73% of the company’s stock.
Several equities analysts recently weighed in on HMST shares. BidaskClub upgraded shares of HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Sandler O’Neill set a $31.00 price target on shares of HomeStreet and gave the stock a “hold” rating in a report on Thursday, March 29th. B. Riley reiterated a “hold” rating and issued a $30.00 price target on shares of HomeStreet in a report on Wednesday, January 24th. Zacks Investment Research downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th. Finally, Keefe, Bruyette & Woods downgraded shares of HomeStreet from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $30.75.
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HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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