HomeStreet (HMST) Stock Rating Lowered by Keefe, Bruyette & Woods

HomeStreet (NASDAQ:HMST) was downgraded by equities researchers at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a report released on Wednesday, MarketBeat Ratings reports.

Several other brokerages have also issued reports on HMST. FBR & Co reiterated a “hold” rating and issued a $30.00 price target on shares of HomeStreet in a report on Wednesday, October 25th. BidaskClub raised HomeStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. ValuEngine raised HomeStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, B. Riley reissued a “neutral” rating on shares of HomeStreet in a research note on Wednesday, November 1st. Seven research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. HomeStreet has a consensus rating of “Hold” and a consensus target price of $30.71.

Shares of HomeStreet (HMST) traded down $0.10 during trading hours on Wednesday, reaching $30.20. The company’s stock had a trading volume of 290,310 shares, compared to its average volume of 221,108. The company has a market capitalization of $809.35, a price-to-earnings ratio of 11.89, a P/E/G ratio of 1.27 and a beta of 0.24. The company has a current ratio of 1.05, a quick ratio of 0.73 and a debt-to-equity ratio of 1.57. HomeStreet has a 1-year low of $24.00 and a 1-year high of $32.60.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.02). The firm had revenue of $123.88 million during the quarter, compared to the consensus estimate of $127.13 million. HomeStreet had a return on equity of 7.26% and a net margin of 12.54%. During the same quarter in the previous year, the company posted $0.09 EPS. equities research analysts expect that HomeStreet will post 2.38 earnings per share for the current year.

Several institutional investors have recently modified their holdings of HMST. NWQ Investment Management Company LLC raised its stake in shares of 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 worth $47,397,000 after purchasing an additional 434,465 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of HomeStreet by 12.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,214,492 shares of the financial services provider’s stock valued at $61,286,000 after acquiring an additional 240,299 shares during the last quarter. BlackRock Inc. increased its position in shares of HomeStreet by 6.8% during the second quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock valued at $94,035,000 after acquiring an additional 215,443 shares during the last quarter. SG Capital Management LLC purchased a new stake in shares of HomeStreet during the third quarter valued at approximately $4,220,000. Finally, Victory Capital Management Inc. increased its position in shares of HomeStreet by 17.0% during the third quarter. Victory Capital Management Inc. now owns 950,244 shares of the financial services provider’s stock valued at $25,657,000 after acquiring an additional 138,154 shares during the last quarter. 85.16% of the stock is owned by hedge funds and other institutional investors.

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HomeStreet Company Profile

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.

Analyst Recommendations for HomeStreet (NASDAQ:HMST)

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