HomeStreet (NASDAQ:HMST) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of HomeStreet (NASDAQ:HMST) in a research report released on Friday. The brokerage issued a sell rating on the financial services provider’s stock.

HMST has been the topic of a number of other reports. Janney Montgomery Scott upgraded shares of HomeStreet from a neutral rating to a buy rating and set a $13.50 price target on the stock in a research note on Thursday, June 20th. Keefe, Bruyette & Woods boosted their target price on HomeStreet from $13.50 to $14.50 and gave the stock a market perform rating in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to MarketBeat, HomeStreet presently has a consensus rating of Hold and a consensus price target of $12.25.

HomeStreet Trading Down 1.0 %

NASDAQ:HMST opened at $14.85 on Friday. HomeStreet has a 12-month low of $4.20 and a 12-month high of $16.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06. The stock’s 50 day simple moving average is $13.97 and its 200-day simple moving average is $12.73. The firm has a market cap of $280.04 million, a P/E ratio of -6.97 and a beta of 1.38.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.01. The company had revenue of $114.35 million for the quarter, compared to analysts’ expectations of $43.33 million. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. Equities analysts anticipate that HomeStreet will post -0.87 EPS for the current year.

Insider Activity at HomeStreet

In related news, Director Paulette Lemon sold 2,401 shares of HomeStreet stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $15.59, for a total value of $37,431.59. Following the sale, the director now directly owns 16,923 shares in the company, valued at $263,829.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 4.60% of the company’s stock.

Institutional Trading of HomeStreet

A number of institutional investors have recently modified their holdings of HMST. CWM LLC boosted its position in HomeStreet by 2,222.2% during the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,400 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in HomeStreet during the second quarter worth $122,000. EMC Capital Management boosted its position in HomeStreet by 16.2% during the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,201 shares in the last quarter. Quest Partners LLC purchased a new stake in HomeStreet during the fourth quarter worth $151,000. Finally, Vanguard Personalized Indexing Management LLC boosted its position in HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 2,703 shares in the last quarter. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

About HomeStreet

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.