HomeStreet (NASDAQ:HMST) Price Target Increased to $16.00 by Analysts at Wedbush

HomeStreet (NASDAQ:HMSTFree Report) had its price target increased by Wedbush from $15.00 to $16.00 in a research report sent to investors on Tuesday morning, Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

HMST has been the subject of several other research reports. Piper Sandler reduced their price target on shares of HomeStreet from $8.00 to $5.00 and set a neutral rating for the company in a report on Wednesday, November 1st. StockNews.com assumed coverage on shares of HomeStreet in a research note on Friday, January 26th. They issued a sell rating for the company. Finally, Keefe, Bruyette & Woods increased their price target on shares of HomeStreet from $11.00 to $15.50 and gave the company a market perform rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating and three have assigned a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of Hold and a consensus price target of $12.17.

Read Our Latest Stock Analysis on HMST

HomeStreet Trading Down 2.6 %

Shares of NASDAQ HMST opened at $14.60 on Tuesday. HomeStreet has a 1-year low of $4.20 and a 1-year high of $30.15. The company has a market cap of $274.63 million, a PE ratio of -17.59 and a beta of 1.35. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 4.17. The company has a 50-day moving average of $10.20 and a two-hundred day moving average of $8.73.

HomeStreet (NASDAQ:HMSTGet Free Report) last issued its earnings results on Monday, October 30th. The financial services provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. HomeStreet had a negative net margin of 3.60% and a positive return on equity of 3.51%. The firm had revenue of $49.38 million during the quarter, compared to the consensus estimate of $52.27 million. As a group, equities analysts expect that HomeStreet will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of HomeStreet

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in HomeStreet by 167.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 2,055 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of HomeStreet in the 2nd quarter worth about $40,000. Allspring Global Investments Holdings LLC purchased a new position in shares of HomeStreet in the 3rd quarter worth about $71,000. Campbell & CO Investment Adviser LLC bought a new stake in HomeStreet in the 2nd quarter valued at about $83,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in HomeStreet in the 3rd quarter valued at about $84,000. Institutional investors own 76.45% of the company’s stock.

About HomeStreet

(Get Free Report)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing, money market accounts, and certificates of deposit; credit cards; insurance; and cash management services.

Further Reading

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