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

Research analysts at StockNews.com assumed coverage on shares of HomeStreet (NASDAQ:HMST) in a research note issued on Thursday. The brokerage set a “sell” rating on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on the stock. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a report on Thursday, June 20th. Keefe, Bruyette & Woods lifted their price target on HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th. One research 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. Based on data from MarketBeat, HomeStreet presently has a consensus rating of “Hold” and a consensus price target of $12.25.

HomeStreet Trading Up 2.8 %

Shares of NASDAQ:HMST opened at $16.00 on Thursday. The business’s 50-day moving average is $13.52 and its 200 day moving average is $12.66. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.14 and a quick ratio of 1.17. HomeStreet has a 1 year low of $4.20 and a 1 year high of $16.00. The firm has a market capitalization of $301.73 million, a P/E ratio of -7.51 and a beta of 1.38.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, July 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.01. The firm had revenue of $114.35 million for the quarter, compared to the consensus estimate of $43.33 million. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. On average, research analysts predict that HomeStreet will post -0.87 earnings per share for the current fiscal year.

Institutional Trading of HomeStreet

Large investors have recently made changes to their positions in the business. CWM LLC lifted its position in HomeStreet by 2,222.2% during the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 3,400 shares during the period. AJOVista LLC acquired a new position in shares of HomeStreet in the 4th quarter valued at about $38,000. Tower Research Capital LLC TRC boosted its stake in shares of HomeStreet by 132.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after buying an additional 2,503 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in HomeStreet during the second quarter worth about $122,000. Finally, EMC Capital Management raised its position in HomeStreet by 16.2% during the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,201 shares in the last quarter. 74.71% of the stock is owned by hedge funds and other institutional investors.

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.