John Michel Sells 8,000 Shares of HomeStreet, Inc. (NASDAQ:HMST) Stock

HomeStreet, Inc. (NASDAQ:HMST) CFO John Michel sold 8,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.26, for a total transaction of $90,080.00. Following the transaction, the chief financial officer now directly owns 28,409 shares in the company, valued at approximately $319,885.34. This represents a 21.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

HomeStreet Trading Down 2.9 %

Shares of HMST opened at $11.46 on Wednesday. HomeStreet, Inc. has a 12 month low of $5.98 and a 12 month high of $16.10. The stock’s 50-day moving average is $13.38 and its two-hundred day moving average is $12.72. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15. The stock has a market cap of $216.11 million, a PE ratio of -8.82 and a beta of 1.42.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HMST. Keefe, Bruyette & Woods upped their price objective on HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. StockNews.com started coverage on HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating for the company. Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Wedbush raised shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Tuesday, November 5th.

Hedge Funds Weigh In On HomeStreet

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new stake in HomeStreet in the second quarter valued at approximately $122,000. EMC Capital Management grew its holdings in HomeStreet by 16.2% during the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,201 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in HomeStreet by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after buying an additional 2,703 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after buying an additional 1,354 shares in the last quarter. Finally, Barclays PLC boosted its position in HomeStreet by 276.4% in the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after buying an additional 17,578 shares during the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.