HomeStreet Inc (HMST) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of HomeStreet Inc (NASDAQ:HMST) have received a consensus rating of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $30.65.

HMST has been the subject of several research analyst reports. FBR & Co reissued a “hold” rating and issued a $30.00 price objective on shares of HomeStreet in a report on Wednesday, October 25th. BidaskClub raised HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. Keefe, Bruyette & Woods downgraded HomeStreet from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Zacks Investment Research upgraded HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price target for the company in a research note on Monday, January 1st. Finally, B. Riley restated a “hold” rating and set a $30.00 price target on shares of HomeStreet in a research note on Wednesday, January 24th.

Shares of HomeStreet (NASDAQ HMST) opened at $28.45 on Friday. The firm has a market capitalization of $746.26, a P/E ratio of 15.50, a PEG ratio of 1.16 and a beta of 0.26. HomeStreet has a fifty-two week low of $24.00 and a fifty-two week high of $32.60. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 1.57.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The firm had revenue of $123.88 million during the quarter, compared to analyst estimates of $127.13 million. HomeStreet had a net margin of 12.54% and a return on equity of 7.26%. During the same period in the previous year, the company posted $0.09 earnings per share. sell-side analysts predict that HomeStreet will post 2.38 EPS for the current fiscal year.

In other news, EVP Godfrey B. Evans sold 965 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $29.66, for a total transaction of $28,621.90. Following the completion of the sale, the executive vice president now owns 23,783 shares in the company, valued at $705,403.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark K. Mason sold 6,934 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $29.53, for a total value of $204,761.02. Following the sale, the chief executive officer now owns 131,293 shares of the company’s stock, valued at approximately $3,877,082.29. The disclosure for this sale can be found here. Insiders have sold 8,415 shares of company stock valued at $248,774 in the last 90 days. Company insiders own 1.64% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. First Interstate Bank raised its position in HomeStreet by 34.2% in the third quarter. First Interstate Bank now owns 7,500 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 1,910 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in HomeStreet in the third quarter worth $233,000. Teacher Retirement System of Texas purchased a new position in HomeStreet in the fourth quarter worth $256,000. LMR Partners LLP purchased a new position in HomeStreet in the third quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in HomeStreet in the third quarter worth $264,000. Institutional investors and hedge funds own 84.16% of the company’s stock.

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HomeStreet Company Profile

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

Analyst Recommendations for HomeStreet (NASDAQ:HMST)

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