HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell Buys 1,685 Shares of Stock

HomeStreet, Inc. (NASDAQ:HMSTGet Free Report) Director Joanne R. Harrell acquired 1,685 shares of the stock in a transaction dated Friday, March 15th. The stock was acquired at an average cost of $14.87 per share, with a total value of $25,055.95. Following the purchase, the director now owns 14,907 shares of the company’s stock, valued at approximately $221,667.09. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

HomeStreet Stock Performance

Shares of HMST opened at $14.59 on Tuesday. The stock has a market capitalization of $275.17 million, a P/E ratio of -9.99 and a beta of 1.31. The company has a debt-to-equity ratio of 3.66, a quick ratio of 1.10 and a current ratio of 1.11. HomeStreet, Inc. has a 1 year low of $4.20 and a 1 year high of $19.78. The company’s fifty day moving average is $13.82 and its two-hundred day moving average is $9.78.

HomeStreet (NASDAQ:HMSTGet Free Report) last posted its quarterly earnings results on Monday, January 29th. The financial services provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.15). HomeStreet had a negative net margin of 6.23% and a positive return on equity of 1.55%. The business had revenue of $45.95 million during the quarter, compared to analysts’ expectations of $49.73 million. On average, sell-side analysts predict that HomeStreet, Inc. will post 0.24 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HMST shares. Wedbush lifted their target price on HomeStreet from $15.00 to $16.00 and gave the company a “neutral” rating in a report on Tuesday, January 30th. StockNews.com initiated coverage on shares of HomeStreet in a research note on Thursday, March 14th. They set a “sell” rating on the stock. Finally, Keefe, Bruyette & Woods raised their target price on shares of HomeStreet from $11.00 to $15.50 and gave the company a “market perform” rating in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to data from MarketBeat.com, HomeStreet presently has a consensus rating of “Hold” and an average price target of $12.17.

Check Out Our Latest Stock Report on HomeStreet

Hedge Funds Weigh In On HomeStreet

A number of institutional investors and hedge funds have recently made changes to their positions in HMST. Hennessy Advisors Inc. acquired a new position in HomeStreet during the fourth quarter worth about $2,112,000. Vanguard Group Inc. grew its holdings in shares of HomeStreet by 3.3% in the 4th quarter. Vanguard Group Inc. now owns 976,964 shares of the financial services provider’s stock worth $10,063,000 after acquiring an additional 30,774 shares during the period. Goldman Sachs Group Inc. increased its stake in HomeStreet by 24.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 122,857 shares of the financial services provider’s stock valued at $1,265,000 after purchasing an additional 24,133 shares in the last quarter. GSA Capital Partners LLP acquired a new position in HomeStreet during the fourth quarter worth $461,000. Finally, Barclays PLC boosted its position in HomeStreet by 707.0% during the fourth quarter. Barclays PLC now owns 24,467 shares of the financial services provider’s stock worth $252,000 after purchasing an additional 21,435 shares in the last quarter. 76.45% of the stock is owned by institutional investors and hedge funds.

About HomeStreet

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for HomeStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet and related companies with MarketBeat.com's FREE daily email newsletter.