HomeStreet, Inc. (NASDAQ:HMST) Director Purchases $25,000.90 in Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell bought 2,146 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was bought at an average price of $11.65 per share, for a total transaction of $25,000.90. Following the transaction, the director now owns 17,053 shares of the company’s stock, valued at approximately $198,667.45. This trade represents a 14.40 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

HomeStreet Price Performance

HMST remained flat at $11.46 on Wednesday. 154,643 shares of the company were exchanged, compared to its average volume of 198,558. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. The firm has a market capitalization of $216.14 million, a PE ratio of -8.82 and a beta of 1.42. The business has a fifty day moving average price of $13.30 and a two-hundred day moving average price of $12.73. HomeStreet, Inc. has a 52-week low of $5.99 and a 52-week high of $16.10.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HMST. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Wedbush upgraded shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price on the stock in a research report on Tuesday, November 5th. Keefe, Bruyette & Woods lifted their target price on shares of HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. Finally, StockNews.com started coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They set a “sell” rating on the stock.

Hedge Funds Weigh In On HomeStreet

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in HomeStreet by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider’s stock valued at $7,299,000 after purchasing an additional 28,874 shares during the last quarter. Stieven Capital Advisors L.P. acquired a new position in HomeStreet in the 3rd quarter valued at about $5,358,000. Mendon Capital Advisors Corp boosted its holdings in HomeStreet by 21.0% in the 2nd quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider’s stock valued at $4,138,000 after purchasing an additional 63,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in 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 valued at $164,000 after purchasing an additional 2,703 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in HomeStreet by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock valued at $809,000 after purchasing an additional 3,113 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

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.