HomeStreet (NASDAQ:HMST) Upgraded at Wedbush

Wedbush upgraded shares of HomeStreet (NASDAQ:HMST) from a neutral rating to an outperform rating in a research note published on Tuesday, MarketBeat reports. Wedbush currently has $12.00 target price on the financial services provider’s stock. Wedbush also issued estimates for HomeStreet’s Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.50 EPS and FY2026 earnings at $1.15 EPS.

HMST has been the topic of a number of other reports. Janney Montgomery Scott cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. StockNews.com initiated coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating for the company. Finally, Keefe, Bruyette & Woods boosted their price objective on HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th.

HomeStreet Stock Down 4.1 %

Shares of NASDAQ:HMST opened at $10.63 on Tuesday. HomeStreet has a 1-year low of $4.90 and a 1-year high of $16.10. The company’s fifty day moving average is $14.30 and its two-hundred day moving average is $12.71. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $200.48 million, a price-to-earnings ratio of -8.18 and a beta of 1.42.

Insider Activity at HomeStreet

In other news, Director Paulette Lemon sold 2,401 shares of the company’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 value of $37,431.59. Following the completion of the sale, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $263,829.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.60% of the stock is currently owned by insiders.

Institutional Trading of HomeStreet

Institutional investors have recently modified their holdings of the company. EMC Capital Management grew its holdings in HomeStreet by 16.2% during the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 1,201 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of 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 valued at $218,000 after purchasing an additional 1,354 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of HomeStreet by 23.2% during 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. Bank of New York Mellon Corp grew its stake in shares of HomeStreet by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock worth $809,000 after purchasing an additional 3,113 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of HomeStreet in the 2nd quarter worth approximately $122,000. Institutional investors and hedge funds 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.