HomeStreet (NASDAQ:HMST) Cut to “Hold” at Janney Montgomery Scott

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

A number of other analysts have also recently commented on HMST. StockNews.com assumed coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating for the company. 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 research note on Tuesday, July 30th.

HomeStreet Stock Performance

Shares of HMST stock opened at $9.07 on Wednesday. The stock has a market cap of $171.06 million, a P/E ratio of -6.98 and a beta of 1.37. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.14 and a quick ratio of 1.14. The company has a fifty day moving average price of $14.85 and a two-hundred day moving average price of $12.80. HomeStreet has a one year low of $4.89 and a one year high of $16.10.

Insider Transactions at HomeStreet

In other news, Director Paulette Lemon sold 2,401 shares of the firm’s stock in a transaction dated 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 owns 16,923 shares in the company, valued at approximately $263,829.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HomeStreet

A number of hedge funds have recently bought and sold shares of the business. EMC Capital Management increased its position 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 increased its position in HomeStreet by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 1,354 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,703 shares during the period. Bank of New York Mellon Corp increased its position in HomeStreet by 4.6% during the second quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 3,113 shares during the period. Finally, Squarepoint Ops LLC bought a new position in HomeStreet during the second quarter worth about $122,000. 74.71% of the stock is owned by institutional investors.

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.