HomeStreet (NASDAQ:HMST) PT Lowered to $13.50

HomeStreet (NASDAQ:HMST) had its target price decreased by Keefe, Bruyette & Woods from $15.50 to $13.50 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 28.82% from the company’s current price.

Several other research analysts also recently weighed in on the company. StockNews.com started coverage on HomeStreet in a research note on Wednesday, May 1st. They set a “sell” rating for the company. Wedbush lifted their target price on shares of HomeStreet from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.50.

HomeStreet Price Performance

HomeStreet stock opened at $10.48 on Tuesday. The business’s 50 day simple moving average is $13.58 and its 200 day simple moving average is $11.14. HomeStreet has a 12 month low of $4.20 and a 12 month high of $15.82. The company has a market cap of $197.63 million, a price-to-earnings ratio of -4.92 and a beta of 1.35. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40.

Insiders Place Their Bets

In related news, Director Joanne R. Harrell purchased 1,685 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the completion of the transaction, the director now directly owns 14,907 shares in the company, valued at approximately $221,667.09. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.60% of the stock is owned by corporate insiders.

Institutional Trading of HomeStreet

A number of hedge funds and other institutional investors have recently bought and sold shares of HMST. PNC Financial Services Group Inc. boosted its holdings in HomeStreet by 167.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 2,055 shares during the period. CWM LLC boosted its stake in HomeStreet by 2,222.2% during the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock valued at $37,000 after buying an additional 3,400 shares during the period. AJOVista LLC purchased a new position in HomeStreet during the fourth quarter worth about $38,000. Tower Research Capital LLC TRC grew its position in HomeStreet by 132.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after buying an additional 2,503 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in HomeStreet in the 3rd quarter worth about $71,000. Institutional investors 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.