HomeStreet (NASDAQ:HMST) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Wednesday.
Several other brokerages have also issued reports on HMST. DA Davidson raised their target price on HomeStreet to $34.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Keefe, Bruyette & Woods lowered HomeStreet from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. B. Riley reaffirmed a “hold” rating and set a $30.00 target price on shares of HomeStreet in a research report on Wednesday, January 24th. Zacks Investment Research lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Tuesday, February 27th. Finally, ValuEngine raised HomeStreet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $30.71.
Shares of HomeStreet (NASDAQ:HMST) traded down $0.03 on Wednesday, hitting $30.62. The stock had a trading volume of 31,921 shares, compared to its average volume of 174,532. HomeStreet has a one year low of $24.00 and a one year high of $32.60. The company has a market cap of $832.31, a PE ratio of 12.06, a price-to-earnings-growth ratio of 1.30 and a beta of 0.28. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 1.57.
In related news, CEO Mark K. Mason sold 6,934 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $29.53, for a total transaction of $204,761.02. Following the completion of the transaction, the chief executive officer now directly owns 131,293 shares of the company’s stock, valued at approximately $3,877,082.29. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Godfrey B. Evans sold 965 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $29.66, for a total value of $28,621.90. Following the sale, the executive vice president now owns 23,783 shares of the company’s stock, valued at $705,403.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,631 shares of company stock valued at $285,996. 1.64% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Elkfork Partners LLC acquired a new stake in HomeStreet during the 4th quarter worth about $129,000. First Interstate Bank grew its holdings in HomeStreet by 34.2% during the 3rd quarter. First Interstate Bank now owns 7,500 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 1,910 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in HomeStreet during the 3rd quarter worth about $233,000. Teacher Retirement System of Texas acquired a new stake in HomeStreet during the 4th quarter worth about $256,000. Finally, LMR Partners LLP acquired a new stake in HomeStreet during the 3rd quarter worth about $242,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.
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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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