HomeStreet (NASDAQ:HMST) Stock Rating Lowered by Janney Montgomery Scott

Janney Montgomery Scott downgraded shares of HomeStreet (NASDAQ:HMST) from a strong-buy rating to a hold rating in a research report report published on Wednesday, Zacks.com reports.

Other equities analysts have also issued research reports about the stock. StockNews.com assumed coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating for the company. Keefe, Bruyette & Woods lifted their price objective on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.25.

HomeStreet Stock Down 0.1 %

Shares of NASDAQ:HMST opened at $9.06 on Wednesday. The stock has a market capitalization of $170.78 million, a price-to-earnings ratio of -6.97 and a beta of 1.37. HomeStreet has a 1-year low of $4.38 and a 1-year high of $16.10. The company’s fifty day moving average is $14.97 and its two-hundred day moving average is $12.83. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.14 and a current ratio of 1.14.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.12). The firm had revenue of $39.68 million for the quarter, compared to the consensus estimate of $42.93 million. HomeStreet had a negative return on equity of 3.42% and a negative net margin of 5.44%. Equities analysts anticipate that HomeStreet will post -0.87 EPS for the current year.

Insider Buying and Selling

In related news, Director Paulette Lemon sold 2,401 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $15.59, for a total transaction of $37,431.59. Following the completion of the sale, the director now directly owns 16,923 shares in the company, valued at approximately $263,829.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.60% of the stock is currently owned by corporate insiders.

Institutional Trading of HomeStreet

Several institutional investors have recently made changes to their positions in HMST. Squarepoint Ops LLC acquired a new stake in shares of HomeStreet during the second quarter worth approximately $122,000. EMC Capital Management lifted its stake 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 last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 2,703 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in HomeStreet by 10.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in HomeStreet in the second quarter valued at approximately $410,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Company Profile

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.