HomeStreet (NASDAQ:HMST) Upgraded at Wedbush

Wedbush upgraded shares of HomeStreet (NASDAQ:HMST) from a neutral rating to an outperform rating in a research report released on Tuesday morning, Marketbeat.com reports. They currently have $12.00 price target on the financial services provider’s stock. Wedbush also issued estimates for HomeStreet’s Q1 2025 earnings at $0.01 EPS, Q2 2025 earnings at $0.09 EPS, Q3 2025 earnings at $0.18 EPS, Q4 2025 earnings at $0.23 EPS, FY2025 earnings at $0.50 EPS and FY2026 earnings at $1.15 EPS.

A number of other research analysts have also recently weighed in on HMST. Keefe, Bruyette & Woods lifted their price target on shares of HomeStreet from $13.50 to $14.50 and gave the company a “market perform” rating in a research report on Tuesday, July 30th. StockNews.com assumed coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They set a “sell” rating for the company. Finally, Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

HomeStreet Price Performance

Shares of HomeStreet stock opened at $10.63 on Tuesday. The business’s fifty day moving average price is $14.30 and its 200 day moving average price is $12.71. HomeStreet has a twelve month low of $4.90 and a twelve month high of $16.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06. The stock has a market capitalization of $200.48 million, a P/E ratio of -8.18 and a beta of 1.42.

Insider Activity at HomeStreet

In other HomeStreet news, Director Paulette Lemon sold 2,401 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $15.59, for a total value of $37,431.59. Following the transaction, the director now owns 16,923 shares in the company, valued at $263,829.57. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On HomeStreet

Several hedge funds and other institutional investors have recently bought and sold shares of HMST. Squarepoint Ops LLC acquired a new stake in shares of HomeStreet during the second quarter worth approximately $122,000. EMC Capital Management grew its holdings in HomeStreet by 16.2% during the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after acquiring an additional 1,201 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in HomeStreet by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock worth $164,000 after acquiring an additional 2,703 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after purchasing an additional 1,354 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of HomeStreet in the 2nd quarter valued at about $410,000. 74.71% of the stock is currently owned by hedge funds and other institutional investors.

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.