HomeStreet, Inc. (NASDAQ:HMST) Receives Consensus Rating of “Hold” from Analysts

Shares of HomeStreet, Inc. (NASDAQ:HMST) have earned a consensus rating of “Hold” from the four analysts that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $12.00.

Several brokerages recently commented on HMST. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $13.50 price objective on shares of HomeStreet in a research report on Tuesday, June 18th. Janney Montgomery Scott raised shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a report on Thursday, June 20th. Finally, StockNews.com initiated coverage on shares of HomeStreet in a report on Wednesday. They set a “sell” rating on the stock.

Hedge Funds Weigh In On HomeStreet

A number of institutional investors have recently bought and sold shares of HMST. PNC Financial Services Group Inc. increased its stake in shares of HomeStreet by 167.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 2,055 shares during the period. CWM LLC grew its position in HomeStreet by 2,222.2% during the 4th quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,400 shares during the period. AJOVista LLC acquired a new stake in HomeStreet during the 4th quarter worth about $38,000. Tower Research Capital LLC TRC raised its stake in shares of HomeStreet by 132.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock valued at $45,000 after buying an additional 2,503 shares during the last quarter. Finally, EMC Capital Management lifted its holdings in shares of HomeStreet by 16.2% in the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after buying an additional 1,201 shares during the period. 74.71% of the stock is owned by hedge funds and other institutional investors.

HomeStreet Stock Performance

Shares of HMST opened at $10.84 on Thursday. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 4.40. The firm has a market cap of $204.44 million, a PE ratio of -5.09 and a beta of 1.33. HomeStreet has a 12 month low of $4.20 and a 12 month high of $15.82. The stock has a fifty day moving average price of $10.26 and a 200-day moving average price of $12.01.

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

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.