HomeStreet Inc (HMST) Receives Consensus Rating of “Hold” from Analysts

HomeStreet Inc (NASDAQ:HMST) has been given a consensus recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $30.65.

A number of analysts have issued reports on the stock. B. Riley reiterated a “hold” rating and set a $30.00 price target on shares of HomeStreet in a research note on Wednesday, January 24th. DA Davidson boosted their price target on shares of HomeStreet to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Keefe, Bruyette & Woods downgraded HomeStreet from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. BidaskClub downgraded HomeStreet from a “buy” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Zacks Investment Research raised HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Monday, January 1st.

Shares of HomeStreet (HMST) opened at $28.45 on Friday. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.93 and a current ratio of 1.05. The stock has a market cap of $746.26, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.16 and a beta of 0.26. HomeStreet has a one year low of $24.00 and a one year high of $32.60.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.02). The business had revenue of $123.88 million for the quarter, compared to analysts’ expectations of $127.13 million. HomeStreet had a return on equity of 7.26% and a net margin of 12.54%. During the same quarter last year, the company earned $0.09 earnings per share. sell-side analysts anticipate that HomeStreet will post 2.38 EPS for the current fiscal year.

In other news, EVP Godfrey B. Evans sold 965 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $29.66, for a total transaction of $28,621.90. Following the completion of the transaction, the executive vice president now directly owns 23,783 shares of the company’s stock, valued at $705,403.78. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Mark K. Mason sold 6,934 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $29.53, for a total value of $204,761.02. Following the transaction, the chief executive officer now directly owns 131,293 shares of the company’s stock, valued at $3,877,082.29. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,415 shares of company stock valued at $248,774. Corporate insiders own 1.64% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Swiss National Bank boosted its holdings in HomeStreet by 8.3% in the third quarter. Swiss National Bank now owns 45,900 shares of the financial services provider’s stock valued at $1,239,000 after purchasing an additional 3,500 shares in the last quarter. SG Capital Management LLC acquired a new position in HomeStreet in the third quarter valued at approximately $4,220,000. Dimensional Fund Advisors LP boosted its holdings in HomeStreet by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 2,258,773 shares of the financial services provider’s stock valued at $60,986,000 after purchasing an additional 44,281 shares in the last quarter. Boston Partners boosted its holdings in HomeStreet by 43.4% in the third quarter. Boston Partners now owns 386,440 shares of the financial services provider’s stock valued at $10,434,000 after purchasing an additional 116,940 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in HomeStreet by 20.5% in the second quarter. Wells Fargo & Company MN now owns 100,112 shares of the financial services provider’s stock valued at $2,771,000 after purchasing an additional 17,023 shares in the last quarter. 84.16% of the stock is owned by institutional investors and hedge funds.

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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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