TheStreet upgraded shares of HomeStreet (NASDAQ:HMST) from a c+ rating to a b rating in a report released on Thursday morning, TheStreetRatingsTable reports.
A number of other brokerages have also recently weighed in on HMST. DA Davidson raised shares of HomeStreet from an underperform rating to a neutral rating and set a $27.00 price target on the stock in a research report on Friday, August 16th. Zacks Investment Research raised shares of HomeStreet from a sell rating to a hold rating in a research report on Saturday, October 26th. BidaskClub raised shares of HomeStreet from a sell rating to a hold rating in a research report on Saturday, October 19th. Finally, ValuEngine cut shares of HomeStreet from a buy rating to a hold rating in a research report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $31.50.
Shares of NASDAQ HMST traded down $0.04 during mid-day trading on Thursday, hitting $31.07. 91,900 shares of the stock were exchanged, compared to its average volume of 165,332. The stock’s fifty day simple moving average is $28.56 and its two-hundred day simple moving average is $28.43. The company has a market cap of $762.17 million, a P/E ratio of 20.99 and a beta of 0.68. HomeStreet has a twelve month low of $20.50 and a twelve month high of $35.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.89 and a current ratio of 0.91.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, October 21st. The financial services provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.21. The company had revenue of $71.71 million for the quarter, compared to analysts’ expectations of $67.04 million. HomeStreet had a net margin of 5.66% and a return on equity of 4.88%. During the same period last year, the firm posted $0.45 earnings per share. As a group, equities research analysts predict that HomeStreet will post 1.48 earnings per share for the current fiscal year.
In other news, Director Victor H. Indiek sold 3,272 shares of HomeStreet stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $31.28, for a total transaction of $102,348.16. Following the transaction, the director now directly owns 5,693 shares of the company’s stock, valued at $178,077.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.64% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HMST. Nisa Investment Advisors LLC bought a new stake in HomeStreet in the 2nd quarter valued at $273,000. Virginia Retirement Systems ET AL bought a new stake in HomeStreet in the 2nd quarter valued at $1,106,000. Aperio Group LLC bought a new stake in HomeStreet in the 2nd quarter valued at $263,000. Swiss National Bank lifted its position in HomeStreet by 1.9% in the 2nd quarter. Swiss National Bank now owns 47,700 shares of the financial services provider’s stock valued at $1,414,000 after acquiring an additional 900 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in HomeStreet by 170.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,704 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 1,075 shares in the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
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