HomeStreet (NASDAQ:HMST) Price Target Raised to $14.00 at Piper Sandler

HomeStreet (NASDAQ:HMST) had its price target increased by research analysts at Piper Sandler from $10.00 to $14.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Piper Sandler’s target price indicates a potential upside of 18.21% from the stock’s current price.

HMST has been the subject of several other research reports. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating in a research note on Tuesday. Wedbush raised their price objective on HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.25.

HomeStreet Price Performance

HMST traded up $0.10 on Tuesday, hitting $11.84. 428,582 shares of the company’s stock were exchanged, compared to its average volume of 156,950. HomeStreet has a fifty-two week low of $8.09 and a fifty-two week high of $16.10. The stock has a market cap of $224.08 million, a price-to-earnings ratio of -1.55 and a beta of 1.45. The firm has a 50-day moving average price of $9.81 and a 200-day moving average price of $11.50. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). HomeStreet had a negative return on equity of 4.23% and a negative net margin of 40.30%. As a group, equities analysts anticipate that HomeStreet will post 0.3 earnings per share for the current year.

Institutional Investors Weigh In On HomeStreet

A number of institutional investors have recently modified their holdings of HMST. Philadelphia Financial Management of San Francisco LLC boosted its holdings in HomeStreet by 4.6% during the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock valued at $24,624,000 after acquiring an additional 68,855 shares during the period. Wellington Management Group LLP grew its holdings in shares of HomeStreet by 37.0% in the fourth quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider’s stock valued at $10,498,000 after purchasing an additional 248,352 shares in the last quarter. Ameriprise Financial Inc. increased its stake in HomeStreet by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider’s stock worth $8,575,000 after buying an additional 165,842 shares during the period. Dimensional Fund Advisors LP lifted its holdings in HomeStreet by 2.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 631,996 shares of the financial services provider’s stock worth $7,217,000 after buying an additional 18,092 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its position in HomeStreet by 126.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider’s stock valued at $4,894,000 after buying an additional 239,219 shares during the period. 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.