Insider Buying: HomeStreet Director Buys 5,700 Shares of Stock (HMST)
HomeStreet (NASDAQ:HMST) Director Douglas Irvine Smith acquired 5,700 shares of the company’s stock on the open market in a transaction dated Thursday, February 6th. The shares were purchased at an average cost of $17.59 per share, for a total transaction of $100,263.00. Following the completion of the transaction, the director now directly owns 59,140 shares in the company, valued at approximately $1,040,273. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
HomeStreet (NASDAQ:HMST) traded down 1.02% during mid-day trading on Friday, hitting $17.46. The stock had a trading volume of 94,845 shares. HomeStreet has a 52-week low of $17.02 and a 52-week high of $28.73. The stock has a 50-day moving average of $19.37 and a 200-day moving average of $19.92. The company has a market cap of $258.4 million and a P/E ratio of 10.96.
HomeStreet (NASDAQ:HMST) last released its earnings data on Monday, January 27th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.10. During the same quarter in the prior year, the company posted $1.46 earnings per share. On average, analysts predict that HomeStreet will post $2.10 earnings per share for the current fiscal year.
The company also recently announced a special dividend, which is scheduled for Monday, February 24th. Stockholders of record on Monday, February 3rd will be paid a dividend of 0.11 per share. The ex-dividend date is Thursday, January 30th.
HMST has been the subject of a number of recent research reports. Analysts at TheStreet downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a research note to investors on Thursday, January 30th. Analysts at Zacks upgraded shares of HomeStreet from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $20.50 price target on the stock.
HomeStreet, Inc (NASDAQ:HMST) is a financial services company.
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