Weekly Investment Analysts’ Ratings Changes for HomeStreet (HMST)

Several brokerages have updated their recommendations and price targets on shares of HomeStreet (NASDAQ: HMST) in the last few weeks:

  • 11/1/2018 – HomeStreet was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 10/31/2018 – HomeStreet was upgraded by analysts at TheStreet from a “c+” rating to a “b” rating.
  • 10/23/2018 – HomeStreet was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 10/23/2018 – HomeStreet was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 10/17/2018 – HomeStreet was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “HomeStreet, Inc. is a diversified financial services company. The Company is engaged in real estate lending, including mortgage banking activities and retail and business banking operations and serves consumers and businesses in the Pacific Northwest and Hawaii. It offers deposit and investment products and cash management services and single family loans and commercial loans. HomeStreet’s primary subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. It operates in Washington, Oregon, Idaho and Hawaii. HomeStreet, Inc. is headquartered in Seattle, Washington. “
  • 10/15/2018 – HomeStreet was given a new $36.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 10/11/2018 – HomeStreet was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 10/3/2018 – HomeStreet was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 9/28/2018 – HomeStreet was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 9/15/2018 – HomeStreet was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 9/12/2018 – HomeStreet was given a new $30.00 price target on by analysts at FIG Partners. They now have a “hold” rating on the stock.
  • 9/7/2018 – HomeStreet was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of HomeStreet stock opened at $26.80 on Tuesday. HomeStreet Inc has a 1 year low of $24.50 and a 1 year high of $32.60. The firm has a market cap of $720.28 million, a price-to-earnings ratio of 15.95, a price-to-earnings-growth ratio of 2.49 and a beta of 0.35. The company has a debt-to-equity ratio of 1.32, a current ratio of 1.02 and a quick ratio of 0.95.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, October 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the 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 quarter last year, the firm posted $0.51 EPS. On average, sell-side analysts forecast that HomeStreet Inc will post 1.53 EPS for the current fiscal year.

In other HomeStreet news, EVP Mary L. Vincent sold 8,459 shares of the firm’s stock in a transaction 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 sale, the executive vice president now owns 14,123 shares of the company’s stock, valued at approximately $417,617.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HMST. Sei Investments Co. lifted its holdings in HomeStreet by 438.1% during the 1st quarter. Sei Investments Co. now owns 4,380 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 3,566 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of HomeStreet during the third quarter worth $163,000. Piedmont Investment Advisors LLC acquired a new stake in shares of HomeStreet during the second quarter worth $172,000. FNY Investment Advisers LLC acquired a new stake in shares of HomeStreet during the second quarter worth $175,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of HomeStreet during the second quarter worth $205,000. 80.92% of the stock is owned by institutional investors and hedge funds.

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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