HomeStreet (NASDAQ:HMST) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday.
HMST has been the topic of a number of other research reports. Zacks Investment Research downgraded HomeStreet from a “buy” rating to a “hold” rating in a research note on Tuesday, February 27th. DA Davidson raised their price target on 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 note on Wednesday, January 24th. B. Riley restated a “hold” rating and set a $30.00 price target on shares of HomeStreet in a research note on Wednesday, January 24th. Finally, ValuEngine upgraded HomeStreet from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 1st. Six research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. HomeStreet presently has a consensus rating of “Hold” and an average price target of $30.71.
Shares of HomeStreet (NASDAQ HMST) traded down $0.15 during midday trading on Wednesday, hitting $30.50. The stock had a trading volume of 116,204 shares, compared to its average volume of 176,650. The firm has a market cap of $832.31, a price-to-earnings ratio of 12.06, a PEG ratio of 1.30 and a beta of 0.28. The company has a quick ratio of 0.93, a current ratio of 1.05 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.
In other HomeStreet news, CEO Mark K. Mason sold 6,934 shares of HomeStreet stock in a transaction that occurred on 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 in the company, valued at approximately $3,877,082.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Godfrey B. Evans sold 965 shares of HomeStreet stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $29.66, for a total value of $28,621.90. Following the completion of the transaction, the executive vice president now owns 23,783 shares in the company, valued at $705,403.78. The disclosure for this sale can be found here. Insiders sold a total of 9,631 shares of company stock worth $285,996 over the last quarter. Company insiders own 1.64% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Elkfork Partners LLC purchased a new position in shares of HomeStreet in the 4th quarter valued at approximately $129,000. First Interstate Bank grew its stake in shares of HomeStreet by 34.2% in the 3rd quarter. First Interstate Bank now owns 7,500 shares of the financial services provider’s stock valued at $203,000 after purchasing an additional 1,910 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of HomeStreet in the 3rd quarter valued at approximately $233,000. LMR Partners LLP purchased a new position in shares of HomeStreet in the 3rd quarter valued at approximately $242,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of HomeStreet in the 4th quarter valued at approximately $256,000. Institutional investors own 79.73% of the company’s stock.
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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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