HomeStreet (NASDAQ:HMST) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of HomeStreet (NASDAQ:HMST) in a research note published on Friday morning. The firm issued a sell rating on the financial services provider’s stock.

Other equities research analysts have also recently issued reports about the stock. Janney Montgomery Scott raised shares of HomeStreet from a neutral rating to a buy rating and set a $13.50 price objective for the company in a research report on Thursday, June 20th. Keefe, Bruyette & Woods raised their price target on HomeStreet from $13.50 to $14.50 and gave the company a market perform rating in a research note on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $12.25.

HomeStreet Price Performance

Shares of NASDAQ HMST opened at $14.85 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $280.04 million, a price-to-earnings ratio of -6.97 and a beta of 1.38. The stock’s 50-day moving average is $13.97 and its two-hundred day moving average is $12.73. HomeStreet has a 1-year low of $4.20 and a 1-year high of $16.10.

HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, July 29th. The financial services provider reported ($0.23) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.01. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. The firm had revenue of $114.35 million for the quarter, compared to analyst estimates of $43.33 million. Analysts forecast that HomeStreet will post -0.87 EPS for the current fiscal year.

Insider Transactions at HomeStreet

In related news, Director Paulette Lemon sold 2,401 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $15.59, for a total value of $37,431.59. Following the transaction, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $263,829.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.60% of the company’s stock.

Institutional Trading of HomeStreet

A number of large investors have recently made changes to their positions in HMST. CWM LLC lifted its stake in HomeStreet by 2,222.2% in the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock valued at $37,000 after buying an additional 3,400 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in HomeStreet in the 2nd quarter valued at $122,000. EMC Capital Management raised its position in HomeStreet by 16.2% in the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,201 shares during the last quarter. Quest Partners LLC acquired a new stake in HomeStreet during the 4th quarter worth $151,000. Finally, Vanguard Personalized Indexing Management LLC grew its position in HomeStreet by 23.2% during the 2nd 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 last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

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.