HomeStreet (NASDAQ:HMST) Price Target Raised to $15.00

HomeStreet (NASDAQ:HMST) had its price objective increased by Wedbush from $12.00 to $15.00 in a report issued on Thursday,Benzinga reports. The firm currently has an outperform rating on the financial services provider’s stock.

HMST has been the subject of a number of other reports. Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. StockNews.com started coverage on HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company.

HomeStreet Trading Down 0.8 %

NASDAQ:HMST opened at $10.90 on Thursday. The firm has a fifty day simple moving average of $12.01 and a 200-day simple moving average of $12.93. The company has a market capitalization of $205.55 million, a P/E ratio of -8.38 and a beta of 1.49. HomeStreet has a 12 month low of $8.09 and a 12 month high of $16.10. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94.

Insider Activity at HomeStreet

In other HomeStreet news, Director Sidney Craig Tompkins purchased 5,000 shares of HomeStreet stock in a transaction that occurred on Tuesday, December 17th. The stock was bought at an average price of $11.49 per share, with a total value of $57,450.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at $57,450. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John Michel sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.26, for a total value of $90,080.00. Following the completion of the sale, the chief financial officer now directly owns 28,409 shares in the company, valued at approximately $319,885.34. The trade was a 21.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,846 shares of company stock worth $203,697. 4.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On HomeStreet

Several institutional investors and hedge funds have recently added to or reduced their stakes in HMST. State Street Corp grew its position in shares of HomeStreet by 0.3% in the third quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock valued at $6,651,000 after purchasing an additional 1,083 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in HomeStreet by 23.2% in 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 last quarter. Bank of New York Mellon Corp increased its stake in HomeStreet by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock worth $809,000 after buying an additional 3,113 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of HomeStreet by 20.2% during the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 6,810 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of HomeStreet by 1.9% in the third quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after acquiring an additional 7,898 shares in the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

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.