Shares of HomeStreet, Inc. (NASDAQ:HMST) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $30.00.

Several analysts have commented on HMST shares. Zacks Investment Research upgraded shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 28th. FIG Partners cut shares of HomeStreet from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a research note on Friday, July 14th.

In other HomeStreet news, EVP David H. Straus purchased 1,000 shares of HomeStreet stock in a transaction dated Tuesday, May 2nd. The shares were acquired at an average price of $25.53 per share, with a total value of $25,530.00. Following the completion of the transaction, the executive vice president now owns 12,551 shares of the company’s stock, valued at $320,427.03. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 7.59% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Municipal Employees Retirement System of Michigan raised its stake in HomeStreet by 0.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 48,380 shares of the financial services provider’s stock worth $1,352,000 after buying an additional 390 shares during the period. Louisiana State Employees Retirement System increased its stake in shares of HomeStreet by 6.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the financial services provider’s stock worth $304,000 after buying an additional 700 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of HomeStreet by 15.5% in the first quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock worth $165,000 after buying an additional 789 shares in the last quarter. Arizona State Retirement System increased its stake in shares of HomeStreet by 9.1% in the first quarter. Arizona State Retirement System now owns 13,122 shares of the financial services provider’s stock worth $367,000 after buying an additional 1,100 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of HomeStreet by 4.2% in the first quarter. Swiss National Bank now owns 34,900 shares of the financial services provider’s stock worth $975,000 after buying an additional 1,400 shares in the last quarter. 82.52% of the stock is currently owned by hedge funds and other institutional investors.

HomeStreet (NASDAQ HMST) opened at 27.70 on Tuesday. The company has a market cap of $799.56 million, a P/E ratio of 11.72 and a beta of 0.07. HomeStreet has a 52 week low of $21.66 and a 52 week high of $33.70. The stock has a 50 day moving average of $27.68 and a 200 day moving average of $27.29.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by $0.18. HomeStreet had a return on equity of 10.26% and a net margin of 10.46%. During the same quarter in the previous year, the company posted $0.90 earnings per share. On average, analysts expect that HomeStreet will post $2.07 earnings per share for the current year.

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About HomeStreet

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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