HomeStreet (NASDAQ:HMST) was upgraded by investment analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.
Several other research firms also recently issued reports on HMST. BidaskClub raised shares of HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Keefe, Bruyette & Woods downgraded shares of HomeStreet from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Zacks Investment Research raised shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a report on Monday, January 1st. B. Riley reaffirmed a “hold” rating and set a $30.00 price objective on shares of HomeStreet in a report on Wednesday, January 24th. Finally, DA Davidson increased their price objective on shares of HomeStreet to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Seven research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average target price of $30.71.
Shares of HomeStreet (NASDAQ:HMST) traded down $0.45 during midday trading on Thursday, reaching $28.25. 170,580 shares of the company were exchanged, compared to its average volume of 192,309. HomeStreet has a 12-month low of $24.00 and a 12-month high of $32.60. The stock has a market capitalization of $790.63, a P/E ratio of 11.12, a PEG ratio of 1.23 and a beta of 0.26. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.05 and a quick ratio of 0.93.
In other news, EVP Godfrey B. Evans sold 965 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $29.66, for a total value of $28,621.90. Following the completion of the sale, the executive vice president now directly owns 23,783 shares in the company, valued at $705,403.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Mark K. Mason sold 6,934 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $29.53, for a total transaction of $204,761.02. Following the completion of the sale, the chief executive officer now owns 131,293 shares of the company’s stock, valued at $3,877,082.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 8,415 shares of company stock worth $248,774. Insiders own 1.64% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Elkfork Partners LLC acquired a new stake in shares of HomeStreet in the fourth quarter valued at about $129,000. First Interstate Bank raised its position in shares of HomeStreet by 34.2% in the third quarter. First Interstate Bank now owns 7,500 shares of the financial services provider’s stock valued at $203,000 after buying an additional 1,910 shares during the last quarter. Crossmark Global Holdings Inc. acquired a new stake in shares of HomeStreet in the third quarter valued at about $233,000. LMR Partners LLP acquired a new stake in shares of HomeStreet in the third quarter valued at about $242,000. Finally, Teacher Retirement System of Texas acquired a new stake in shares of HomeStreet in the fourth quarter valued at about $256,000. Institutional investors and hedge funds own 80.84% of the company’s stock.
HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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