HomeStreet (NASDAQ:HMST) Upgraded by TheStreet to B

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 research analysts have also recently commented on the stock. DA Davidson raised shares of HomeStreet from an underperform rating to a neutral rating and set a $27.00 target price for the company in a report on Friday, August 16th. Zacks Investment Research raised shares of HomeStreet from a sell rating to a hold rating in a report on Saturday, October 26th. ValuEngine cut shares of HomeStreet from a buy rating to a hold rating in a report on Wednesday, October 2nd. Finally, BidaskClub raised shares of HomeStreet from a sell rating to a hold rating in a report on Saturday, October 19th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. HomeStreet presently has a consensus rating of Hold and a consensus target price of $31.50.

Shares of HomeStreet stock traded down $0.04 during trading on Thursday, reaching $31.07. The company’s stock had a trading volume of 91,900 shares, compared to its average volume of 165,332. The firm has a market cap of $762.17 million, a PE ratio of 20.99 and a beta of 0.68. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.19. HomeStreet has a 52 week low of $20.50 and a 52 week high of $35.44. The business’s 50-day moving average price is $28.56 and its 200-day moving average price is $28.43.

HomeStreet (NASDAQ:HMST) last posted its earnings results on Monday, October 21st. The financial services provider reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.21. The firm had revenue of $71.71 million during 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 quarter in the prior year, the business earned $0.45 earnings per share. Equities analysts predict that HomeStreet will post 1.48 earnings per share for the current year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

In other news, Director Victor H. Indiek sold 3,272 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $31.28, for a total value of $102,348.16. Following the completion of the transaction, the director now owns 5,693 shares of the company’s stock, valued at $178,077.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.64% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. increased its stake in shares of HomeStreet by 170.9% in the second quarter. Meeder Asset Management Inc. now owns 1,704 shares of the financial services provider’s stock valued at $51,000 after buying an additional 1,075 shares during the period. Quantamental Technologies LLC acquired a new position in shares of HomeStreet in the second quarter valued at approximately $61,000. Bank of Montreal Can increased its stake in shares of HomeStreet by 92.4% in the second quarter. Bank of Montreal Can now owns 4,659 shares of the financial services provider’s stock valued at $138,000 after buying an additional 2,238 shares during the period. Aperio Group LLC acquired a new position in shares of HomeStreet in the second quarter valued at approximately $263,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of HomeStreet in the second quarter valued at approximately $273,000. 89.10% of the stock is owned by institutional investors.

About HomeStreet

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.

Further Reading: What is the role of the G-20?

Leave a Reply

Your email address will not be published. Required fields are marked *

*