HomeStreet, Inc. (NASDAQ:HMST) Receives Consensus Rating of “Hold” from Analysts

HomeStreet, Inc. (NASDAQ:HMST) has received a consensus rating of “Hold” from the four ratings firms that are currently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $12.00.

A number of brokerages have weighed in on HMST. StockNews.com began coverage on shares of HomeStreet in a research note on Wednesday. They set a “sell” rating for the company. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $13.50 price objective on shares of HomeStreet in a research report on Tuesday, June 18th. Finally, Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 target price on the stock in a research report on Thursday, June 20th.

HomeStreet Trading Down 0.4 %

HomeStreet stock opened at $10.84 on Thursday. HomeStreet has a one year low of $4.20 and a one year high of $15.82. The business’s fifty day moving average is $10.26 and its 200 day moving average is $12.01. The stock has a market capitalization of $204.44 million, a PE ratio of -5.09 and a beta of 1.33. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.17 and a quick ratio of 1.17.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. The company had revenue of $41.61 million for the quarter, compared to analysts’ expectations of $48.07 million. On average, sell-side analysts predict that HomeStreet will post -0.8 EPS for the current year.

Hedge Funds Weigh In On HomeStreet

A number of institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position in HomeStreet by 167.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after buying an additional 2,055 shares in the last quarter. CWM LLC raised its stake in HomeStreet by 2,222.2% during the 4th 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 period. AJOVista LLC bought a new stake in HomeStreet during the 4th quarter worth approximately $38,000. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $45,000 after purchasing an additional 2,503 shares during the period. Finally, EMC Capital Management increased its stake in shares of HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after purchasing an additional 1,201 shares in the last quarter. 74.71% of the stock is owned by institutional investors.

About HomeStreet

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.