HomeStreet’s (HMST) Market Perform Rating Reaffirmed at Keefe, Bruyette & Woods

HomeStreet (NASDAQ:HMST)‘s stock had its “market perform” rating reaffirmed by Keefe, Bruyette & Woods in a research note issued on Tuesday, Benzinga reports. They currently have a $13.50 target price on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 33.00% from the stock’s current price.

Separately, StockNews.com started coverage on HomeStreet in a research note on Tuesday. They issued a “sell” rating for the company. One analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

HomeStreet Price Performance

HMST remained flat at $10.15 during midday trading on Tuesday. The company’s stock had a trading volume of 68,063 shares, compared to its average volume of 249,876. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40. The company’s 50-day moving average price is $10.54 and its 200-day moving average price is $11.88. The firm has a market capitalization of $191.43 million, a P/E ratio of -4.77 and a beta of 1.34. HomeStreet has a fifty-two week low of $4.20 and a fifty-two week high of $15.82.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). The business had revenue of $41.61 million during the quarter, compared to the consensus estimate of $48.07 million. HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. On average, equities research analysts predict that HomeStreet will post -0.8 EPS for the current year.

Institutional Investors Weigh In On HomeStreet

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. lifted its stake in shares of HomeStreet by 2.4% in the 4th quarter. Russell Investments Group Ltd. now owns 34,288 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 810 shares during the last quarter. EMC Capital Management raised its holdings in shares of HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,201 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of HomeStreet by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after buying an additional 1,354 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of HomeStreet by 167.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,055 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in shares of HomeStreet by 132.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after buying an additional 2,503 shares during the period. 74.71% of the stock is owned by institutional investors.

About HomeStreet

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.