Sidney Craig Tompkins Acquires 5,000 Shares of HomeStreet, Inc. (NASDAQ:HMST) Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins acquired 5,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was acquired at an average price of $11.49 per share, for a total transaction of $57,450.00. Following the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $57,450. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

HomeStreet Stock Performance

HMST opened at $10.99 on Friday. 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 business has a fifty day simple moving average of $12.10 and a 200 day simple moving average of $12.92. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10. The company has a market capitalization of $207.25 million, a PE ratio of -8.45 and a beta of 1.49.

Institutional Investors Weigh In On HomeStreet

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp increased its position in HomeStreet by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 3,113 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HomeStreet by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock worth $7,299,000 after purchasing an additional 28,874 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of 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 during the period. Squarepoint Ops LLC bought a new stake in shares of HomeStreet in the second quarter valued at approximately $122,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in HomeStreet during the second quarter worth approximately $410,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HMST. Wedbush boosted their target price on HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday. Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, StockNews.com began coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating for the company.

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.