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

A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $26.00 price objective on the stock in a research note on Thursday, July 28th. FBR & Co reiterated a “buy” rating on shares of HomeStreet in a research note on Wednesday, April 27th.

The company’s 50-day moving average price is $21.83 and its 200-day moving average price is $20.81. The company has a market cap of $592.35 million and a PE ratio of 11.92.

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

In other HomeStreet news, Director Richard W. H. Bennion sold 5,334 shares of HomeStreet stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Several institutional investors have recently added to or reduced their stakes in the stock. Argent Capital Management LLC raised 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 worth $1,603,000 after buying an additional 32,325 shares in the last quarter. Royce & Associates LLC raised its position in HomeStreet by 97.5% in the fourth quarter. Royce & Associates LLC now owns 87,300 shares of the company’s stock worth $1,895,000 after buying an additional 43,100 shares in the last quarter. Finally, Kayne Anderson Capital Advisors LP raised 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 worth $2,824,000 after buying an additional 33,000 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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