Insider Selling: HomeStreet, Inc. (NASDAQ:HMST) CFO Sells $90,080.00 in Stock

HomeStreet, Inc. (NASDAQ:HMST) CFO John Michel sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.26, for a total transaction of $90,080.00. Following the completion of the transaction, the chief financial officer now owns 28,409 shares of the company’s stock, valued at $319,885.34. This trade represents a 21.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

HomeStreet Stock Performance

Shares of HomeStreet stock opened at $11.46 on Thursday. HomeStreet, Inc. has a 1 year low of $5.99 and a 1 year high of $16.10. The firm has a market cap of $216.14 million, a PE ratio of -8.82 and a beta of 1.42. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15. The company has a 50 day simple moving average of $13.30 and a two-hundred day simple moving average of $12.73.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on HMST shares. StockNews.com started coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating for the company. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Wedbush upgraded shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Tuesday, November 5th.

Institutional Investors Weigh In On HomeStreet

Hedge funds have recently bought and sold shares of the stock. EMC Capital Management lifted its position in HomeStreet by 16.2% during the first 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 during the last quarter. Squarepoint Ops LLC bought a new stake in shares of HomeStreet in the 2nd quarter worth approximately $122,000. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of HomeStreet by 23.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,703 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of HomeStreet by 276.4% in the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock worth $377,000 after acquiring an additional 17,578 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors.

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.