HomeStreet Inc (NASDAQ:HMST) EVP Mary L. Vincent sold 1,000 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $30.85, for a total value of $30,850.00. Following the sale, the executive vice president now owns 13,588 shares in the company, valued at approximately $419,189.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
HomeStreet stock traded down $0.73 during mid-day trading on Friday, hitting $27.75. The company had a trading volume of 399,677 shares, compared to its average volume of 162,228. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57. HomeStreet Inc has a 12-month low of $24.00 and a 12-month high of $32.60. The firm has a market cap of $768.03, a PE ratio of 16.52, a P/E/G ratio of 1.29 and a beta of 0.34.
HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, January 22nd. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The business had revenue of $123.88 million for the quarter, compared to analyst estimates of $127.13 million. HomeStreet had a return on equity of 7.26% and a net margin of 12.54%. During the same period in the previous year, the company earned $0.09 earnings per share. equities research analysts forecast that HomeStreet Inc will post 2.2 EPS for the current year.
A number of equities research analysts recently commented on HMST shares. Zacks Investment Research upgraded HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a research report on Monday, January 1st. Keefe, Bruyette & Woods lowered HomeStreet from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. ValuEngine upgraded HomeStreet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. DA Davidson upped their target price on HomeStreet to $34.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, BidaskClub upgraded HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.75.
Hedge funds have recently made changes to their positions in the company. Swiss National Bank raised its stake in shares of HomeStreet by 8.3% during the 3rd quarter. Swiss National Bank now owns 45,900 shares of the financial services provider’s stock worth $1,239,000 after buying an additional 3,500 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of HomeStreet by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,258,773 shares of the financial services provider’s stock worth $60,986,000 after buying an additional 44,281 shares during the period. SG Capital Management LLC acquired a new position in shares of HomeStreet during the 3rd quarter worth approximately $4,220,000. Boston Partners raised its stake in shares of HomeStreet by 43.4% during the 3rd quarter. Boston Partners now owns 386,440 shares of the financial services provider’s stock worth $10,434,000 after buying an additional 116,940 shares during the period. Finally, Baird Financial Group Inc. raised its stake in shares of HomeStreet by 11.1% during the 4th quarter. Baird Financial Group Inc. now owns 53,235 shares of the financial services provider’s stock worth $1,541,000 after buying an additional 5,316 shares during the period. 79.73% of the stock is owned by institutional investors and hedge funds.
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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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