HomeStreet, Inc. (NASDAQ:HMST) CFO Sells $90,080.00 in Stock

HomeStreet, Inc. (NASDAQ:HMST) CFO John Michel sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.26, for a total transaction of $90,080.00. Following the sale, the chief financial officer now directly owns 28,409 shares of the company’s stock, valued at $319,885.34. The trade was a 21.97 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

HomeStreet Trading Down 2.9 %

Shares of NASDAQ HMST opened at $11.46 on Wednesday. HomeStreet, Inc. has a 12-month low of $5.98 and a 12-month high of $16.10. The company has a market cap of $216.11 million, a price-to-earnings ratio of -8.82 and a beta of 1.42. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. The stock’s 50 day simple moving average is $13.38 and its 200 day simple moving average is $12.72.

Institutional Investors Weigh In On HomeStreet

A number of hedge funds have recently added to or reduced their stakes in HMST. Price T Rowe Associates Inc. MD increased its holdings in shares of HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 1,354 shares during the period. Kennedy Capital Management LLC acquired a new stake in shares of HomeStreet in the first quarter valued at approximately $3,720,000. EMC Capital Management raised its holdings in shares of HomeStreet by 16.2% during the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,201 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of 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 buying an additional 3,113 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in HomeStreet by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock worth $7,299,000 after buying an additional 28,874 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a research note on Tuesday, July 30th. Wedbush upgraded HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Tuesday, November 5th. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, StockNews.com initiated coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating on the stock.

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.