StockNews.com Initiates Coverage on HomeStreet (NASDAQ:HMST)

Analysts at StockNews.com initiated coverage on shares of HomeStreet (NASDAQ:HMST) in a report issued on Friday. The brokerage set a “sell” rating on the financial services provider’s stock.

A number of other equities analysts have also issued reports on the stock. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $13.50 target price on shares of HomeStreet in a research report on Tuesday, June 18th. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 target price on the stock in a research report on Thursday, June 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, HomeStreet has a consensus rating of “Hold” and a consensus target price of $12.00.

HomeStreet Trading Up 1.5 %

NASDAQ:HMST opened at $12.70 on Friday. HomeStreet has a 12 month low of $4.20 and a 12 month high of $15.82. The firm has a market cap of $239.50 million, a price-to-earnings ratio of -5.96 and a beta of 1.38. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 4.40. The company’s 50 day moving average is $10.16 and its 200-day moving average is $12.21.

HomeStreet (NASDAQ:HMST) last announced its earnings results on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. The company had revenue of $41.61 million for the quarter, compared to the consensus estimate of $48.07 million. Equities analysts anticipate that HomeStreet will post -0.75 EPS for the current year.

Institutional Investors Weigh In On HomeStreet

Institutional investors have recently bought and sold shares of the business. 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 worth $37,000 after buying an additional 3,400 shares in the last quarter. AJOVista LLC acquired a new stake in HomeStreet during the fourth quarter worth $38,000. Tower Research Capital LLC TRC boosted its stake in shares of HomeStreet by 132.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 2,503 shares in the last quarter. EMC Capital Management boosted its stake in shares of HomeStreet by 16.2% in the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,201 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of HomeStreet in the 4th quarter valued at $129,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

About HomeStreet

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.