HomeStreet (NASDAQ:HMST) Coverage Initiated by Analysts at StockNews.com

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

Several other equities research analysts have also issued reports on HMST. Janney Montgomery Scott raised HomeStreet from a neutral rating to a buy rating and set a $13.50 target price for the company in a research report on Thursday, June 20th. Keefe, Bruyette & Woods reaffirmed a market perform rating and set a $13.50 target price on shares of HomeStreet in a research report on Tuesday, June 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $12.25.

HomeStreet Trading Up 3.8 %

NASDAQ HMST opened at $14.40 on Friday. The company has a market cap of $271.58 million, a price-to-earnings ratio of -6.76 and a beta of 1.38. HomeStreet has a 52 week low of $4.20 and a 52 week high of $15.82. The business has a 50 day moving average price of $10.97 and a 200-day moving average price of $12.50. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 4.40.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.01. HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. The business had revenue of $114.35 million during the quarter, compared to the consensus estimate of $43.33 million. As a group, equities analysts expect that HomeStreet will post -0.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Acuitas Investments LLC boosted its stake in HomeStreet by 86.0% in the 4th quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock worth $3,529,000 after purchasing an additional 158,455 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in HomeStreet by 27.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock worth $6,045,000 after purchasing an additional 127,969 shares during the period. Neuberger Berman Group LLC bought a new position in HomeStreet in the 4th quarter worth about $170,000. Trexquant Investment LP boosted its stake in HomeStreet by 70.8% in the 4th quarter. Trexquant Investment LP now owns 167,420 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 69,384 shares during the period. Finally, Quest Partners LLC bought a new position in HomeStreet in the 4th quarter worth about $151,000. Institutional investors own 74.71% of the company’s stock.

HomeStreet Company Profile

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.