HomeStreet (NASDAQ:HMST) Coverage Initiated by Analysts at StockNews.com

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

HMST has been the topic of a number of other research reports. Janney Montgomery Scott upgraded HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a research note on Thursday, June 20th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $13.50 price target on shares of HomeStreet in a research note on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.00.

HomeStreet Trading Up 1.5 %

NASDAQ HMST opened at $12.70 on Friday. The company has a market cap of $239.50 million, a PE ratio of -5.96 and a beta of 1.38. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40. HomeStreet has a 12 month low of $4.20 and a 12 month high of $15.82. The stock has a 50 day moving average of $10.16 and a 200-day moving average of $12.21.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.23). The company had revenue of $41.61 million during the quarter, compared to analyst estimates of $48.07 million. HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. On average, equities research analysts anticipate that HomeStreet will post -0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On HomeStreet

A number of large investors have recently added to or reduced their stakes in HMST. Russell Investments Group Ltd. increased its position in HomeStreet by 2.4% during the 4th quarter. Russell Investments Group Ltd. now owns 34,288 shares of the financial services provider’s stock worth $353,000 after buying an additional 810 shares during the period. EMC Capital Management increased its position in HomeStreet by 16.2% during the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,201 shares during the period. Price T Rowe Associates Inc. MD increased its position in HomeStreet by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after buying an additional 1,354 shares during the period. Tower Research Capital LLC TRC increased its position in HomeStreet by 132.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after buying an additional 2,503 shares during the period. Finally, CWM LLC increased its position 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 buying an additional 3,400 shares during the period. Institutional investors own 74.71% of the company’s stock.

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.