HomeStreet (NASDAQ:HMST) Earns Sell Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of HomeStreet (NASDAQ:HMST) in a note issued to investors on Thursday. The brokerage set a “sell” rating on the financial services provider’s stock.

A number of other equities research analysts also recently issued reports on the stock. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target on the stock in a research note on Thursday, June 20th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $13.50 price target on shares of HomeStreet in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, HomeStreet currently has a consensus rating of “Hold” and a consensus price target of $12.00.

HomeStreet Trading Down 2.0 %

Shares of HomeStreet stock opened at $11.12 on Thursday. The stock has a 50 day moving average of $10.13 and a 200 day moving average of $12.10. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.17 and a current ratio of 1.17. The firm has a market capitalization of $209.72 million, a price-to-earnings ratio of -5.22 and a beta of 1.38. HomeStreet has a fifty-two week low of $4.20 and a fifty-two week high of $15.82.

HomeStreet (NASDAQ:HMST) last released its quarterly 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). The business had revenue of $41.61 million for the quarter, compared to analysts’ expectations of $48.07 million. HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. As a group, research analysts predict that HomeStreet will post -0.75 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. boosted its position in HomeStreet by 27.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock valued at $6,045,000 after buying an additional 127,969 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in HomeStreet by 47.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock valued at $3,389,000 after purchasing an additional 140,357 shares during the period. Acuitas Investments LLC grew its stake in HomeStreet by 86.0% during the 4th quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock worth $3,529,000 after purchasing an additional 158,455 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in HomeStreet during the 1st quarter worth about $3,720,000. Finally, CCG Wealth Management LLC raised its position in HomeStreet by 29.3% in the 1st quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider’s stock valued at $3,458,000 after purchasing an additional 52,136 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

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.