Insider Selling: HomeStreet, Inc. (NASDAQ:HMST) EVP Sells $53,545.80 in Stock

HomeStreet, Inc. (NASDAQ:HMST) EVP Godfrey B. Evans sold 4,636 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $11.55, for a total transaction of $53,545.80. Following the completion of the transaction, the executive vice president now owns 67,049 shares in the company, valued at $774,415.95. The trade was a 6.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

HomeStreet Price Performance

Shares of HMST stock opened at $11.46 on Friday. The firm has a fifty day simple moving average of $13.23 and a 200-day simple moving average of $12.72. HomeStreet, Inc. has a twelve month low of $5.99 and a twelve month high of $16.10. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15.

Hedge Funds Weigh In On HomeStreet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMST. Wellington Management Group LLP increased its position in shares of HomeStreet by 494.0% during the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after acquiring an additional 557,977 shares during the last quarter. Endeavour Capital Advisors Inc. increased its holdings in HomeStreet by 113.6% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock worth $8,051,000 after purchasing an additional 375,581 shares during the last quarter. Stieven Capital Advisors L.P. purchased a new stake in HomeStreet during the 3rd quarter worth approximately $5,358,000. Kennedy Capital Management LLC acquired a new position in shares of HomeStreet in the 1st quarter valued at approximately $3,720,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of HomeStreet during the 3rd quarter valued at approximately $2,633,000. 74.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Wedbush upgraded HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Tuesday, November 5th. Finally, StockNews.com began coverage on HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating for the company.

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.