HomeStreet, Inc. (NASDAQ:HMST) EVP Sells $60,071.30 in Stock

HomeStreet, Inc. (NASDAQ:HMST) EVP David L. Parr sold 5,210 shares of the business’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $11.53, for a total value of $60,071.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

HomeStreet Stock Performance

HMST traded down $0.71 on Wednesday, reaching $10.81. The company had a trading volume of 232,329 shares, compared to its average volume of 195,188. The stock has a market cap of $203.85 million, a P/E ratio of -8.32 and a beta of 1.49. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet, Inc. has a fifty-two week low of $8.09 and a fifty-two week high of $16.10. The company’s fifty day moving average is $12.18 and its 200 day moving average is $12.93.

Analysts Set New Price Targets

Several brokerages recently issued reports on HMST. Wedbush upgraded HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Tuesday, November 5th. StockNews.com initiated coverage on shares of HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company. Finally, Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On HomeStreet

A number of institutional investors have recently modified their holdings of HMST. Wellington Management Group LLP boosted its stake in shares of HomeStreet by 494.0% in the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock valued at $10,574,000 after buying an additional 557,977 shares during the period. Endeavour Capital Advisors Inc. lifted its position in shares of HomeStreet by 113.6% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock valued at $8,051,000 after acquiring an additional 375,581 shares during the period. Stieven Capital Advisors L.P. bought a new stake in shares of HomeStreet during the 3rd quarter valued at $5,358,000. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of HomeStreet during the 3rd quarter worth $2,633,000. Finally, Philadelphia Financial Management of San Francisco LLC increased its position in shares of HomeStreet by 4.6% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock worth $24,624,000 after purchasing an additional 68,855 shares during the period. Institutional investors 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.