HomeStreet (NASDAQ:HMST) Upgraded to Buy at Janney Montgomery Scott

Janney Montgomery Scott upgraded shares of HomeStreet (NASDAQ:HMST) from a neutral rating to a buy rating in a research note released on Tuesday, Marketbeat Ratings reports.

Separately, Wedbush increased their price target on shares of HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $14.25.

HomeStreet Trading Up 2.3 %

Shares of HMST stock opened at $12.01 on Tuesday. The company has a market capitalization of $227.24 million, a P/E ratio of -1.57 and a beta of 1.45. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09. The business’s 50 day moving average is $9.83 and its two-hundred day moving average is $11.48. HomeStreet has a twelve month low of $8.09 and a twelve month high of $16.10.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. Equities analysts forecast that HomeStreet will post 0.3 EPS for the current year.

Institutional Trading of HomeStreet

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its holdings in HomeStreet by 66.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,266 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of HomeStreet in the 4th quarter worth approximately $40,000. EMC Capital Management increased its stake in HomeStreet by 20.8% in the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $98,000 after purchasing an additional 1,484 shares in the last quarter. Oxford Asset Management LLP acquired a new position in HomeStreet during the fourth quarter worth $118,000. Finally, Wells Fargo & Company MN boosted its position in HomeStreet by 27.5% during the fourth quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 2,339 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

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.