HomeStreet (NASDAQ:HMST - Get Free Report) was upgraded by equities researchers at Wedbush from a "neutral" rating to an "outperform" rating in a report released on Tuesday, Briefing.com reports. The firm presently has a $12.00 price objective on the financial services provider's stock. Wedbush's price target would indicate a potential upside of 32.01% from the stock's current price.
Several other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of HomeStreet from $13.50 to $14.50 and gave the stock a "market perform" rating in a research report on Tuesday, July 30th. Janney Montgomery Scott lowered HomeStreet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, StockNews.com started coverage on HomeStreet in a research report on Sunday, September 22nd. They issued a "sell" rating for the company.
Read Our Latest Research Report on HMST
HMST stock opened at $9.09 on Tuesday. HomeStreet has a fifty-two week low of $4.90 and a fifty-two week high of $16.10. The stock has a market cap of $171.44 million, a PE ratio of -6.99 and a beta of 1.42. The firm's 50-day simple moving average is $14.72 and its 200 day simple moving average is $12.78. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 4.06.
In other HomeStreet news, Director Paulette Lemon sold 2,401 shares of the company's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $15.59, for a total transaction of $37,431.59. Following the transaction, the director now directly owns 16,923 shares in the company, valued at approximately $263,829.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.60% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of HMST. EMC Capital Management raised its stake in HomeStreet by 16.2% in the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock valued at $130,000 after acquiring an additional 1,201 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of HomeStreet during the 2nd quarter worth about $122,000. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of HomeStreet by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock worth $164,000 after buying an additional 2,703 shares during the period. Price T Rowe Associates Inc. MD grew its stake in HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider's stock valued at $218,000 after buying an additional 1,354 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in HomeStreet in the 2nd quarter valued at about $410,000. 74.71% of the stock is owned by institutional investors and hedge funds.
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.
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