HomeStreet (NASDAQ:HMST) Research Coverage Started at StockNews.com

Posted by Defense World Staff on Aug 13th, 2024

Research analysts at StockNews.com began coverage on shares of HomeStreet (NASDAQ:HMST – Get Free Report) in a report issued on Tuesday. The firm set a “sell” rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods lifted their target price on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price objective for the company in a research report on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $12.25.

Read Our Latest Report on HMST

HomeStreet Trading Up 0.1 %

Shares of NASDAQ:HMST opened at $14.45 on Tuesday. The company has a current ratio of 1.14, a quick ratio of 1.17 and a debt-to-equity ratio of 4.06. The stock has a market capitalization of $272.50 million, a PE ratio of -6.78 and a beta of 1.38. HomeStreet has a 1 year low of $4.20 and a 1 year high of $15.82. The firm has a fifty day moving average price of $11.88 and a 200 day moving average price of $12.48.

HomeStreet (NASDAQ:HMST – Get Free Report) last issued its quarterly earnings data on Monday, July 29th. The financial services provider reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. The business had revenue of $114.35 million for the quarter, compared to analyst estimates of $43.33 million. HomeStreet had a negative return on equity of 1.87% and a negative net margin of 3.30%. Analysts expect that HomeStreet will post -0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On HomeStreet

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kennedy Capital Management LLC acquired a new stake in shares of HomeStreet during the 1st quarter worth about $3,720,000. Hennessy Advisors Inc. bought a new position in shares of HomeStreet in the fourth quarter valued at approximately $2,112,000. Acuitas Investments LLC boosted its holdings in shares of HomeStreet by 86.0% in the 4th quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock worth $3,529,000 after acquiring an additional 158,455 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in HomeStreet by 27.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock valued at $6,045,000 after purchasing an additional 127,969 shares in the last quarter. Finally, Trexquant Investment LP raised its position in HomeStreet by 70.8% in the 4th quarter. Trexquant Investment LP now owns 167,420 shares of the financial services provider’s stock valued at $1,724,000 after purchasing an additional 69,384 shares during the last quarter. 74.71% of the stock is owned by institutional investors.

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 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.

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