HomeStreet Inc. (NASDAQ:HMST) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $23.69 and last traded at $23.69, with a volume of 80,123 shares traded. The stock had previously closed at $23.35.

Several research analysts recently commented on HMST shares. Zacks Investment Research cut HomeStreet from a “buy” rating to a “hold” rating in a research note on Thursday, April 28th. FBR & Co reiterated a “buy” rating and issued a $29.00 price target on shares of HomeStreet in a research note on Wednesday, July 27th.

The stock has a market cap of $589.62 million and a PE ratio of 11.86. The stock’s 50 day moving average is $21.59 and its 200 day moving average is $20.77.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.22. During the same quarter last year, the company earned $0.65 earnings per share. On average, equities analysts expect that HomeStreet Inc. will post $2.27 EPS for the current fiscal year.

In other news, Director Richard W. H. Bennion sold 5,334 shares of the company’s stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $20.42, for a total value of $108,920.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

A number of institutional investors have bought and sold shares of HMST. Argent Capital Management LLC increased its position in HomeStreet by 77.9% in the fourth quarter. Argent Capital Management LLC now owns 73,825 shares of the company’s stock valued at $1,603,000 after buying an additional 32,325 shares during the last quarter. Kayne Anderson Capital Advisors LP increased its position in HomeStreet by 34.0% in the fourth quarter. Kayne Anderson Capital Advisors LP now owns 130,166 shares of the company’s stock valued at $2,824,000 after buying an additional 33,000 shares during the last quarter. Finally, Royce & Associates LLC increased its stake in shares of HomeStreet by 97.5% in the fourth quarter. Royce & Associates LLC now owns 87,300 shares of the company’s stock valued at $1,895,000 after buying an additional 43,100 shares in the last quarter.

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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