TheStreet upgraded shares of HomeStreet (NASDAQ:HMST) from a c+ rating to a b rating in a research note released on Wednesday.
Several other research analysts also recently weighed in on HMST. ValuEngine upgraded HomeStreet from a hold rating to a buy rating in a research note on Tuesday, October 23rd. BidaskClub downgraded HomeStreet from a sell rating to a strong sell rating in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded HomeStreet from a sell rating to a hold rating in a research report on Wednesday, July 4th. Finally, B. Riley increased their target price on HomeStreet from $35.00 to $36.00 and gave the company a buy rating in a research report on Wednesday, July 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $31.33.
HMST stock traded down $0.01 during midday trading on Wednesday, hitting $26.71. The company’s stock had a trading volume of 2,287 shares, compared to its average volume of 120,602. HomeStreet has a 12 month low of $24.50 and a 12 month high of $32.60. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.02 and a quick ratio of 0.95. The company has a market capitalization of $714.62 million, a price-to-earnings ratio of 15.83, a PEG ratio of 2.47 and a beta of 0.33.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. HomeStreet had a return on equity of 5.94% and a net margin of 11.41%. The business had revenue of $109.75 million during the quarter, compared to the consensus estimate of $114.14 million. During the same period in the prior year, the company posted $0.51 EPS. Sell-side analysts anticipate that HomeStreet will post 1.53 EPS for the current fiscal year.
In other news, EVP Mary L. Vincent sold 8,459 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $29.57, for a total transaction of $250,132.63. Following the completion of the transaction, the executive vice president now directly owns 14,123 shares in the company, valued at approximately $417,617.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.64% of the stock is currently owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in the stock. OppenheimerFunds Inc. raised its holdings in HomeStreet by 16.1% during the 2nd quarter. OppenheimerFunds Inc. now owns 12,934 shares of the financial services provider’s stock valued at $349,000 after buying an additional 1,795 shares during the period. Bank of America Corp DE raised its holdings in HomeStreet by 4.9% during the 2nd quarter. Bank of America Corp DE now owns 55,155 shares of the financial services provider’s stock valued at $1,487,000 after buying an additional 2,584 shares during the period. Legal & General Group Plc raised its holdings in HomeStreet by 5.3% during the 2nd quarter. Legal & General Group Plc now owns 52,913 shares of the financial services provider’s stock valued at $1,434,000 after buying an additional 2,656 shares during the period. Strs Ohio raised its holdings in HomeStreet by 9.7% during the 2nd quarter. Strs Ohio now owns 30,600 shares of the financial services provider’s stock valued at $824,000 after buying an additional 2,700 shares during the period. Finally, California Public Employees Retirement System raised its holdings in HomeStreet by 5.3% during the 1st quarter. California Public Employees Retirement System now owns 55,496 shares of the financial services provider’s stock valued at $1,590,000 after buying an additional 2,815 shares during the period. Institutional investors own 81.21% of the company’s stock.
HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.
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