HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins Buys 5,000 Shares of Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the completion of the transaction, the director now directly owns 5,000 shares in the company, valued at $57,450. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

HomeStreet Stock Performance

HMST stock opened at $10.81 on Thursday. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10. The company has a market cap of $203.85 million, a P/E ratio of -8.32 and a beta of 1.49. The stock’s fifty day moving average price is $12.18 and its 200-day moving average price is $12.93.

Institutional Investors Weigh In On HomeStreet

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Philadelphia Financial Management of San Francisco LLC grew its position in HomeStreet by 4.6% during the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock valued at $24,624,000 after buying an additional 68,855 shares during the period. Endeavour Capital Advisors Inc. boosted its stake in shares of 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 acquiring an additional 375,581 shares during the last quarter. Wellington Management Group LLP grew its position in shares of HomeStreet by 494.0% during the 3rd quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock valued at $10,574,000 after acquiring an additional 557,977 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of HomeStreet by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock worth $7,299,000 after purchasing an additional 28,874 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in HomeStreet by 1.9% during the third quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after purchasing an additional 7,898 shares in the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HMST. Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Wedbush upgraded shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price on the stock in a research note on Tuesday, November 5th. Finally, StockNews.com started coverage on shares of HomeStreet in a report on Sunday, September 22nd. They set a “sell” rating on the 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.