HomeStreet, Inc. (NASDAQ:HMST) Director Buys $57,450.00 in Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins purchased 5,000 shares of HomeStreet stock in a transaction dated Tuesday, December 17th. The stock was acquired at an average cost of $11.49 per share, with a total value of $57,450.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $57,450. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

HomeStreet Price Performance

Shares of HMST stock traded down $0.71 during trading hours on Wednesday, hitting $10.81. The company’s stock had a trading volume of 232,329 shares, compared to its average volume of 195,188. 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 business has a fifty day moving average of $12.18 and a 200-day moving average of $12.93. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. The stock has a market cap of $203.85 million, a price-to-earnings ratio of -8.32 and a beta of 1.49.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HMST shares. StockNews.com initiated coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating on the stock. Wedbush raised HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Tuesday, November 5th. Finally, Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On HomeStreet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Philadelphia Financial Management of San Francisco LLC lifted its stake in shares of HomeStreet by 4.6% during the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock valued at $24,624,000 after buying an additional 68,855 shares during the period. Endeavour Capital Advisors Inc. raised its holdings in HomeStreet by 113.6% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock valued at $8,051,000 after acquiring an additional 375,581 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of HomeStreet by 494.0% during the 3rd 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 period. Dimensional Fund Advisors LP boosted its holdings in shares of HomeStreet by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock worth $7,299,000 after purchasing an additional 28,874 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings 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 worth $6,717,000 after purchasing an additional 7,898 shares during the last quarter. Hedge funds and other 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.