HomeStreet, Inc. (NASDAQ:HMST) CFO Sells $90,080.00 in Stock

HomeStreet, Inc. (NASDAQ:HMST) CFO John Michel sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.26, for a total value of $90,080.00. Following the sale, the chief financial officer now directly owns 28,409 shares in the company, valued at approximately $319,885.34. This represents a 21.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

HomeStreet Stock Up 0.8 %

Shares of NASDAQ:HMST opened at $11.80 on Tuesday. The firm has a 50 day simple moving average of $13.38 and a 200 day simple moving average of $12.72. HomeStreet, Inc. has a 52 week low of $5.98 and a 52 week high of $16.10. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. The company has a market cap of $222.55 million, a PE ratio of -9.08 and a beta of 1.42.

Institutional Trading of HomeStreet

Hedge funds have recently modified their holdings of the business. Barclays PLC grew its stake in HomeStreet by 276.4% during the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 17,578 shares in the last quarter. Geode Capital Management LLC grew its position in HomeStreet by 1.9% during the third quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after purchasing an additional 7,898 shares in the last quarter. Jane Street Group LLC increased its stake in HomeStreet by 20.2% in the 3rd quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock valued at $639,000 after buying an additional 6,810 shares during the period. Wellington Management Group LLP lifted its position in HomeStreet by 494.0% in the 3rd quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after buying an additional 557,977 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of HomeStreet by 0.3% during the 3rd quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock valued at $6,651,000 after acquiring an additional 1,083 shares in the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on HMST shares. StockNews.com assumed coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating on the stock. Janney Montgomery Scott downgraded shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target on HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. Finally, Wedbush upgraded shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Tuesday, November 5th.

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.