HomeStreet, Inc. (NASDAQ:HMST) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

According to Zacks, “HomeStreet, Inc. is a diversified financial services company. The Company is engaged in real estate lending, including mortgage banking activities and retail and business banking operations and serves consumers and businesses in the Pacific Northwest and Hawaii. It offers deposit and investment products and cash management services and single family loans and commercial loans. HomeStreet’s primary subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. It operates in Washington, Oregon, Idaho and Hawaii. HomeStreet, Inc. is headquartered in Seattle, Washington. “

Other research analysts also recently issued reports about the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $31.00 price target on shares of HomeStreet in a research report on Friday, July 14th. ValuEngine upgraded shares of HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. FBR & Co restated a “hold” rating on shares of HomeStreet in a research report on Tuesday. BidaskClub upgraded shares of HomeStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, FIG Partners restated a “market perform” rating and issued a $26.25 price target (down from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. HomeStreet currently has an average rating of “Hold” and an average price target of $29.08.

Shares of HomeStreet (NASDAQ HMST) traded down 1.07% during midday trading on Wednesday, hitting $27.80. 113,878 shares of the stock were exchanged. The company has a market cap of $747.38 million, a PE ratio of 14.45 and a beta of 0.06. The firm has a 50-day moving average price of $25.51 and a 200-day moving average price of $26.65. HomeStreet has a 12-month low of $24.00 and a 12-month high of $33.70.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.18). HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. The company had revenue of $127.88 million for the quarter, compared to analyst estimates of $143.41 million. During the same period in the prior year, the business earned $0.90 earnings per share. On average, equities analysts predict that HomeStreet will post $1.56 EPS for the current year.

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Several institutional investors have recently bought and sold shares of HMST. BlackRock Inc. lifted its position in shares of HomeStreet by 13,720.1% in the 1st quarter. BlackRock Inc. now owns 3,182,357 shares of the financial services provider’s stock worth $88,945,000 after buying an additional 3,159,330 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of HomeStreet by 120.1% in the 2nd quarter. Victory Capital Management Inc. now owns 812,090 shares of the financial services provider’s stock worth $22,475,000 after buying an additional 443,105 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of HomeStreet by 23.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,974,193 shares of the financial services provider’s stock worth $55,179,000 after buying an additional 370,079 shares during the last quarter. Boston Partners bought a new position in shares of HomeStreet in the 2nd quarter worth about $7,458,000. Finally, Mendon Capital Advisors Corp bought a new position in shares of HomeStreet in the 1st quarter worth about $7,342,000. Institutional investors own 83.89% of the company’s stock.

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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