HomeStreet (NASDAQ:HMST) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of HomeStreet (NASDAQ:HMST) in a report published on Monday morning. The firm issued a sell rating on the financial services provider’s stock.

HMST has been the subject of several other reports. Wedbush lifted their price target on shares of HomeStreet from $15.00 to $16.00 and gave the company a neutral rating in a report on Tuesday, January 30th. Keefe, Bruyette & Woods raised their target price on shares of HomeStreet from $11.00 to $15.50 and gave the stock a market perform rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, HomeStreet has a consensus rating of Hold and a consensus price target of $12.17.

HomeStreet Stock Performance

HomeStreet stock opened at $12.33 on Monday. HomeStreet has a 52 week low of $4.20 and a 52 week high of $18.43. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 3.66. The stock has a market cap of $232.54 million, a P/E ratio of -8.45 and a beta of 1.32. The stock has a 50 day moving average of $14.10 and a 200-day moving average of $10.59.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.15). HomeStreet had a positive return on equity of 1.55% and a negative net margin of 6.23%. The firm had revenue of $45.95 million during the quarter, compared to analyst estimates of $49.73 million. On average, analysts expect that HomeStreet will post 0.19 EPS for the current fiscal year.

Insider Activity at HomeStreet

In other HomeStreet news, Director Joanne R. Harrell acquired 1,685 shares of HomeStreet stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the completion of the transaction, the director now owns 14,907 shares in the company, valued at approximately $221,667.09. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HomeStreet

A number of institutional investors and hedge funds have recently bought and sold shares of HMST. Renaissance Technologies LLC raised its position in shares of HomeStreet by 404.8% during the 2nd quarter. Renaissance Technologies LLC now owns 360,900 shares of the financial services provider’s stock worth $2,137,000 after buying an additional 289,412 shares in the last quarter. Terrapin Asset Management LLC bought a new stake in HomeStreet during the third quarter worth approximately $1,926,000. State Street Corp lifted its position in HomeStreet by 28.3% in the first quarter. State Street Corp now owns 1,092,200 shares of the financial services provider’s stock worth $51,748,000 after purchasing an additional 240,973 shares during the period. AQR Capital Management LLC lifted its position in HomeStreet by 136.2% in the fourth quarter. AQR Capital Management LLC now owns 372,628 shares of the financial services provider’s stock worth $10,277,000 after purchasing an additional 214,850 shares during the period. Finally, Walleye Capital LLC bought a new position in HomeStreet during the 2nd quarter valued at $1,247,000. Institutional investors own 74.71% of the company’s stock.

About HomeStreet

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.