HomeStreet’s (HMST) “Market Perform” Rating Reaffirmed at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of HomeStreet (NASDAQ:HMST) in a research report sent to investors on Tuesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a $13.50 target price on the financial services provider’s stock.

Separately, StockNews.com initiated coverage on shares of HomeStreet in a research report on Tuesday. They issued a sell rating on the stock. One investment analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus target price of $11.50.

HomeStreet Stock Performance

Shares of HomeStreet stock opened at $10.50 on Tuesday. HomeStreet has a fifty-two week low of $4.20 and a fifty-two week high of $15.82. The company has a debt-to-equity ratio of 4.40, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $198.03 million, a P/E ratio of -4.93 and a beta of 1.34. The company’s 50 day moving average price is $10.47 and its two-hundred day moving average price is $11.90.

HomeStreet (NASDAQ:HMST) last issued its earnings results on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). HomeStreet had a negative net margin of 8.97% and a negative return on equity of 0.43%. The company had revenue of $41.61 million during the quarter, compared to analyst estimates of $48.07 million. On average, equities analysts forecast that HomeStreet will post -0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HomeStreet

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in shares of HomeStreet by 167.2% during the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 2,055 shares during the last quarter. CWM LLC raised 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 during the last quarter. AJOVista LLC bought a new position in HomeStreet during the fourth quarter worth $38,000. Tower Research Capital LLC TRC raised its stake in HomeStreet by 132.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after buying an additional 2,503 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC bought a new position in HomeStreet during the third quarter worth $84,000. 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.