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

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

A number of other equities research analysts have also recently weighed in on HMST. Janney Montgomery Scott upgraded shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research report on Thursday, June 20th. Keefe, Bruyette & Woods lifted their target price on shares of HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a 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 given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $12.25.

HomeStreet Stock Down 0.9 %

HMST stock opened at $14.93 on Wednesday. HomeStreet has a one year low of $4.20 and a one year high of $15.82. The firm has a market cap of $281.55 million, a PE ratio of -7.01 and a beta of 1.38. The firm’s 50 day moving average price is $12.63 and its 200-day moving average price is $12.51. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.17 and a current ratio of 1.14.

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

Institutional Trading of HomeStreet

Hedge funds have recently modified their holdings of the stock. CWM LLC lifted its stake in HomeStreet by 2,222.2% in the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 3,400 shares during the last quarter. AJOVista LLC acquired a new position in shares of HomeStreet during the fourth quarter worth $38,000. Tower Research Capital LLC TRC increased its holdings in 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 valued at $45,000 after buying an additional 2,503 shares during the last quarter. EMC Capital Management raised its stake in HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,201 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in HomeStreet during the 2nd quarter worth about $122,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

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.