HomeStreet Inc (HMST) Given Average Rating of “Hold” by Brokerages

Shares of HomeStreet Inc (NASDAQ:HMST) have received an average rating of “Hold” from the seven research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $30.06.

HMST has been the topic of a number of recent research reports. Zacks Investment Research lowered HomeStreet from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. BidaskClub lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. FBR & Co reissued a “hold” rating and issued a $30.00 target price on shares of HomeStreet in a research report on Wednesday, October 25th. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, B. Riley restated a “neutral” rating on shares of HomeStreet in a research note on Wednesday, November 1st.

Shares of HomeStreet (NASDAQ HMST) opened at $32.35 on Tuesday. HomeStreet has a 1 year low of $24.00 and a 1 year high of $32.55. The stock has a market capitalization of $869.71, a P/E ratio of 22.16, a P/E/G ratio of 1.46 and a beta of 0.23. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.87 and a quick ratio of 0.73.

HomeStreet (NASDAQ:HMST) last announced its earnings results 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 return on equity of 6.08% and a net margin of 6.68%. The business had revenue of $134.72 million for the quarter, compared to analyst estimates of $129.90 million. During the same quarter last year, the firm earned $1.12 EPS. equities analysts expect that HomeStreet will post 1.68 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. California Public Employees Retirement System grew its stake in HomeStreet by 6.5% in the third quarter. California Public Employees Retirement System now owns 48,117 shares of the financial services provider’s stock valued at $1,299,000 after purchasing an additional 2,917 shares in the last quarter. Highbridge Capital Management LLC bought a new position in HomeStreet in the third quarter valued at approximately $366,000. Maltese Capital Management LLC bought a new position in HomeStreet in the third quarter valued at approximately $2,565,000. Lyon Street Capital LLC bought a new position in HomeStreet in the third quarter valued at approximately $1,571,000. Finally, NWQ Investment Management Company LLC grew its stake in HomeStreet by 32.9% in the third quarter. NWQ Investment Management Company LLC now owns 1,755,458 shares of the financial services provider’s stock valued at $47,397,000 after purchasing an additional 434,465 shares in the last quarter. Hedge funds and other institutional investors own 85.30% of the company’s stock.

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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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