HomeStreet Inc (NASDAQ:HMST) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $33.00.
Several research firms recently weighed in on HMST. BidaskClub upgraded HomeStreet from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 18th. Zacks Investment Research upgraded HomeStreet from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research note on Thursday, June 6th. FIG Partners upgraded HomeStreet from a “market perform” rating to an “outperform” rating in a research note on Friday, April 5th. DA Davidson lifted their target price on HomeStreet to $32.00 and gave the company a “positive” rating in a research note on Monday, April 8th. Finally, ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st.
In other HomeStreet news, Director Sandra A. Cavanaugh purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were acquired at an average price of $28.67 per share, for a total transaction of $143,350.00. Following the completion of the purchase, the director now owns 6,107 shares of the company’s stock, valued at $175,087.69. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amen Darrell Van purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were acquired at an average price of $30.75 per share, for a total transaction of $61,500.00. Following the purchase, the executive vice president now directly owns 38,858 shares of the company’s stock, valued at approximately $1,194,883.50. The disclosure for this purchase can be found here. Insiders acquired 9,000 shares of company stock worth $261,590 in the last quarter. 1.64% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of HomeStreet by 110.5% during the fourth quarter. Bank of Montreal Can now owns 2,261 shares of the financial services provider’s stock valued at $48,000 after buying an additional 1,187 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of HomeStreet by 20.2% during the fourth quarter. Rhumbline Advisers now owns 76,479 shares of the financial services provider’s stock valued at $1,624,000 after buying an additional 12,851 shares during the last quarter. Oregon Public Employees Retirement Fund bought a new position in shares of HomeStreet during the fourth quarter valued at about $218,000. Prudential Financial Inc. lifted its position in shares of HomeStreet by 2.9% during the fourth quarter. Prudential Financial Inc. now owns 46,323 shares of the financial services provider’s stock valued at $983,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its position in shares of HomeStreet by 575.4% during the fourth quarter. Acadian Asset Management LLC now owns 41,435 shares of the financial services provider’s stock valued at $878,000 after purchasing an additional 35,300 shares in the last quarter. Institutional investors and hedge funds own 81.63% of the company’s stock.
Shares of HMST stock traded down $0.21 on Tuesday, hitting $28.76. The stock had a trading volume of 30,093 shares, compared to its average volume of 193,894. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.02 and a current ratio of 1.03. The business has a 50 day moving average price of $29.27. The company has a market capitalization of $793.40 million, a P/E ratio of 19.43, a PEG ratio of 2.43 and a beta of 0.68. HomeStreet has a one year low of $20.50 and a one year high of $31.96.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.05). The firm had revenue of $55.65 million during the quarter, compared to the consensus estimate of $102.33 million. HomeStreet had a net margin of 7.02% and a return on equity of 5.87%. During the same quarter in the previous year, the firm earned $0.21 earnings per share. On average, research analysts predict that HomeStreet will post 1.73 earnings per share for the current fiscal year.
HomeStreet Company Profile
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
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