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

StockNews.com started coverage on shares of HomeStreet (NASDAQ:HMSTFree Report) in a report published on Sunday morning. The brokerage issued a sell rating on the financial services provider’s stock.

A number of other research analysts have also issued reports on the stock. Wedbush boosted their target price on shares of HomeStreet from $15.00 to $16.00 and gave the company a neutral rating in a research note on Tuesday, January 30th. Piper Sandler reduced their target price on shares of HomeStreet from $8.00 to $5.00 and set a neutral rating for the company in a research note on Wednesday, November 1st. Finally, Keefe, Bruyette & Woods boosted their target price 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 equities research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $12.17.

Read Our Latest Research Report on HMST

HomeStreet Trading Up 0.4 %

NASDAQ HMST opened at $12.58 on Friday. HomeStreet has a one year low of $4.20 and a one year high of $28.05. The company has a 50-day simple moving average of $11.24 and a 200-day simple moving average of $8.98. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.10 and a current ratio of 1.11. The firm has a market capitalization of $236.63 million, a PE ratio of -8.62 and a beta of 1.33.

Institutional Trading of HomeStreet

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Yousif Capital Management LLC raised its position in shares of HomeStreet by 1.3% during the 1st quarter. Yousif Capital Management LLC now owns 21,415 shares of the financial services provider’s stock worth $1,015,000 after buying an additional 270 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of HomeStreet by 10.0% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,390 shares of the financial services provider’s stock worth $161,000 after buying an additional 309 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of HomeStreet by 4.0% during the 4th quarter. Baird Financial Group Inc. now owns 9,792 shares of the financial services provider’s stock worth $271,000 after buying an additional 376 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of HomeStreet by 2.4% in the 4th quarter. Russell Investments Group Ltd. now owns 34,288 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 810 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of HomeStreet by 1.9% in the 4th quarter. Legal & General Group Plc now owns 44,726 shares of the financial services provider’s stock worth $1,234,000 after purchasing an additional 827 shares in the last quarter. 76.45% of the stock is currently owned by institutional investors.

HomeStreet Company Profile

(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.

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