HomeStreet, Inc. (NASDAQ:HMST) has received an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $29.08.

Several equities research analysts have weighed in on HMST shares. Zacks Investment Research cut shares of HomeStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $31.00 price target on shares of HomeStreet in a research report on Friday, July 14th. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. FIG Partners reissued a “market perform” rating and set a $26.25 price target (down previously from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Finally, ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd.

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A number of institutional investors and hedge funds have recently made changes to their positions in HMST. Swiss National Bank boosted its position in HomeStreet by 4.2% during the 1st quarter. Swiss National Bank now owns 34,900 shares of the financial services provider’s stock valued at $975,000 after buying an additional 1,400 shares during the period. Karp Capital Management Corp purchased a new stake in HomeStreet during the 1st quarter valued at $293,000. OppenheimerFunds Inc. boosted its position in HomeStreet by 59.9% during the 1st quarter. OppenheimerFunds Inc. now owns 16,246 shares of the financial services provider’s stock valued at $454,000 after buying an additional 6,087 shares during the period. Principal Financial Group Inc. boosted its position in HomeStreet by 7.8% during the 1st quarter. Principal Financial Group Inc. now owns 191,478 shares of the financial services provider’s stock valued at $5,352,000 after buying an additional 13,875 shares during the period. Finally, Teachers Advisors LLC boosted its position in HomeStreet by 14.1% during the 1st quarter. Teachers Advisors LLC now owns 57,997 shares of the financial services provider’s stock valued at $1,621,000 after buying an additional 7,172 shares during the period. 81.74% of the stock is owned by institutional investors and hedge funds.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. HomeStreet had a net margin of 6.68% and a return on equity of 6.08%. The company had revenue of $134.72 million during the quarter, compared to analysts’ expectations of $129.90 million. During the same quarter in the prior year, the company earned $1.12 EPS.

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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