HomeStreet (NASDAQ:HMST) Now Covered by Analysts at StockNews.com

Equities researchers at StockNews.com initiated coverage on shares of HomeStreet (NASDAQ:HMST) in a report issued on Thursday. The firm set a “sell” rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $13.50 price objective on shares of HomeStreet in a research report on Tuesday, June 18th. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

HomeStreet Price Performance

HMST stock opened at $11.12 on Thursday. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.17 and a quick ratio of 1.17. HomeStreet has a 1 year low of $4.20 and a 1 year high of $15.82. The firm has a 50-day moving average of $10.13 and a 200 day moving average of $12.10. The company has a market cap of $209.72 million, a P/E ratio of -5.22 and a beta of 1.38.

HomeStreet (NASDAQ:HMST) last announced its earnings results on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.23). HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. The firm had revenue of $41.61 million during the quarter, compared to the consensus estimate of $48.07 million. On average, sell-side analysts forecast that HomeStreet will post -0.75 EPS for the current year.

Institutional Trading of HomeStreet

A number of institutional investors and hedge funds have recently bought and sold shares of the company. EMC Capital Management grew its holdings in shares of HomeStreet by 16.2% during 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 during the last quarter. Kennedy Capital Management LLC purchased a new stake in HomeStreet during the 1st quarter valued at $3,720,000. Price T Rowe Associates Inc. MD boosted its stake in 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 during the last quarter. Caldwell Sutter Capital Inc. purchased a new position in shares of HomeStreet in the first quarter worth $903,000. Finally, CCG Wealth Management LLC raised its stake in shares of HomeStreet by 29.3% in the first quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider’s stock worth $3,458,000 after purchasing an additional 52,136 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors.

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.