Paulette Lemon Sells 2,401 Shares of HomeStreet, Inc. (NASDAQ:HMST) Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Paulette Lemon sold 2,401 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $15.59, for a total value of $37,431.59. Following the transaction, the director now directly owns 16,923 shares in the company, valued at approximately $263,829.57. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

HomeStreet Price Performance

Shares of HomeStreet stock opened at $14.85 on Friday. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.14 and a quick ratio of 1.14. The company has a market cap of $280.04 million, a PE ratio of -6.97 and a beta of 1.38. The firm has a fifty day moving average price of $13.97 and a two-hundred day moving average price of $12.73. HomeStreet, Inc. has a fifty-two week low of $4.20 and a fifty-two week high of $16.10.

HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, July 29th. The financial services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.01. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. The business had revenue of $114.35 million during the quarter, compared to analysts’ expectations of $43.33 million. Analysts expect that HomeStreet, Inc. will post -0.87 EPS for the current year.

Institutional Trading of HomeStreet

A number of hedge funds have recently modified their holdings of the company. CWM LLC boosted its position in shares of HomeStreet by 2,222.2% during the 4th quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 3,400 shares in the last quarter. AJOVista LLC acquired a new stake in HomeStreet in the 4th quarter valued at $38,000. EMC Capital Management grew its position 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 acquiring an additional 1,201 shares during the period. Squarepoint Ops LLC bought a new position in shares of HomeStreet during the second quarter valued at $122,000. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of HomeStreet by 23.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 2,703 shares in the last quarter. Institutional investors own 74.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HMST shares. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 target price for the company in a research report on Thursday, June 20th. Keefe, Bruyette & Woods boosted their target price 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. Finally, StockNews.com assumed coverage on HomeStreet in a research report on Friday. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, HomeStreet has a consensus rating of “Hold” and an average price target of $12.25.

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.