Insider Buying: HomeStreet, Inc. (NASDAQ:HMST) Director Acquires 2,146 Shares of Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell acquired 2,146 shares of the stock in a transaction dated Tuesday, November 26th. The shares were bought at an average price of $11.65 per share, with a total value of $25,000.90. Following the completion of the purchase, the director now directly owns 17,053 shares of the company’s stock, valued at approximately $198,667.45. This trade represents a 14.40 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link.

HomeStreet Stock Performance

Shares of HomeStreet stock remained flat at $11.46 during trading on Wednesday. 154,643 shares of the company traded hands, compared to its average volume of 198,558. HomeStreet, Inc. has a 12-month low of $5.99 and a 12-month high of $16.10. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.94. The firm’s 50-day simple moving average is $13.30 and its 200-day simple moving average is $12.73. The company has a market cap of $216.14 million, a PE ratio of -8.82 and a beta of 1.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HMST. Squarepoint Ops LLC purchased a new position in HomeStreet in the second quarter valued at $122,000. EMC Capital Management increased its holdings 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 buying an additional 1,201 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings 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 buying an additional 2,703 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings 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 buying an additional 1,354 shares in the last quarter. Finally, Barclays PLC increased its holdings in HomeStreet by 276.4% in the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after buying an additional 17,578 shares in the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HMST shares. Wedbush upgraded shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Tuesday, November 5th. StockNews.com started coverage on shares of HomeStreet in a report on Sunday, September 22nd. They set a “sell” rating for the company. Janney Montgomery Scott cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods raised their target price on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a report on Tuesday, July 30th.

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.