HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell Purchases 2,146 Shares of Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell purchased 2,146 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was acquired at an average cost of $11.65 per share, with a total value of $25,000.90. Following the completion of the acquisition, the director now directly owns 17,053 shares of the company’s stock, valued at $198,667.45. This represents a 14.40 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

HomeStreet Price Performance

HMST stock opened at $11.46 on Thursday. The company has a market cap of $216.14 million, a price-to-earnings ratio of -8.82 and a beta of 1.42. The company has a fifty day moving average price of $13.30 and a 200 day moving average price of $12.73. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15. HomeStreet, Inc. has a 12 month low of $5.99 and a 12 month high of $16.10.

Institutional Investors Weigh In On HomeStreet

Institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC grew its holdings in shares of HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock worth $377,000 after buying an additional 17,578 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of HomeStreet by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after purchasing an additional 7,898 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of HomeStreet by 20.2% in the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 6,810 shares during the period. Wellington Management Group LLP raised its stake in shares of HomeStreet by 494.0% during the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after purchasing an additional 557,977 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of HomeStreet by 0.3% during the third quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock worth $6,651,000 after purchasing an additional 1,083 shares during the period. 74.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HMST has been the subject of several research analyst reports. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. StockNews.com started coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating for the company. Finally, Wedbush upgraded HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price on the stock in a research report on Tuesday, November 5th.

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.