HomeStreet (HMST) Cut to Hold at BidaskClub

BidaskClub cut shares of HomeStreet (NASDAQ:HMST) from a buy rating to a hold rating in a research report report published on Thursday morning.

HMST has been the topic of a number of other reports. B. Riley reiterated a neutral rating on shares of HomeStreet in a report on Wednesday, November 1st. ValuEngine downgraded shares of HomeStreet from a buy rating to a hold rating in a report on Monday, October 2nd. FBR & Co reiterated a hold rating on shares of HomeStreet in a report on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of HomeStreet from a strong sell rating to a hold rating in a report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. HomeStreet has a consensus rating of Hold and a consensus price target of $29.08.

Shares of HomeStreet (NASDAQ HMST) opened at $29.05 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.87. The company has a market cap of $780.98, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 1.75 and a beta of 0.23. HomeStreet has a fifty-two week low of $24.00 and a fifty-two week high of $33.00.

HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, October 23rd. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. The firm had revenue of $134.72 million for the quarter, compared to the consensus estimate of $129.90 million. HomeStreet had a net margin of 6.68% and a return on equity of 6.08%. During the same period last year, the company posted $1.12 EPS. equities analysts anticipate that HomeStreet will post 1.66 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in HMST. Teachers Advisors LLC grew its stake in shares of HomeStreet by 14.1% in the first quarter. Teachers Advisors LLC now owns 57,997 shares of the financial services provider’s stock valued at $1,621,000 after buying an additional 7,172 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of HomeStreet by 22.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 101,781 shares of the financial services provider’s stock valued at $2,845,000 after buying an additional 18,959 shares in the last quarter. State Street Corp grew its stake in shares of HomeStreet by 13.6% in the first quarter. State Street Corp now owns 549,803 shares of the financial services provider’s stock valued at $15,366,000 after buying an additional 66,021 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in shares of HomeStreet by 6.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the financial services provider’s stock valued at $304,000 after buying an additional 700 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of HomeStreet by 1,238.7% in the second quarter. Russell Investments Group Ltd. now owns 101,743 shares of the financial services provider’s stock valued at $2,816,000 after buying an additional 94,143 shares in the last quarter. 85.33% of the stock is owned by institutional investors and hedge funds.

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About HomeStreet

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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