Insider Selling: HomeStreet, Inc. (NASDAQ:HMST) EVP Sells $60,071.30 in Stock

HomeStreet, Inc. (NASDAQ:HMST) EVP David L. Parr sold 5,210 shares of HomeStreet stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $11.53, for a total transaction of $60,071.30. The transaction was disclosed in a document filed with the SEC, which is available at this link.

HomeStreet Stock Performance

NASDAQ HMST opened at $10.90 on Friday. The firm has a market capitalization of $205.55 million, a P/E ratio of -8.38 and a beta of 1.49. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. The firm’s fifty day moving average price is $12.10 and its two-hundred day moving average price is $12.92. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10.

Institutional Investors Weigh In On HomeStreet

A number of institutional investors have recently made changes to their positions in HMST. State Street Corp increased its stake in HomeStreet by 0.3% during the 3rd quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock worth $6,651,000 after acquiring an additional 1,083 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after buying an additional 2,703 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of HomeStreet by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock valued at $809,000 after acquiring an additional 3,113 shares in the last quarter. Jane Street Group LLC raised its position in 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 last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of HomeStreet by 1.9% during the third 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 in the last quarter. Institutional investors own 74.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Wedbush boosted their target price on HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, StockNews.com began coverage on HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company.

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.