HomeStreet Inc. (NASDAQ:HMST) hit a new 52-week high on Tuesday . The company traded as high as $24.60 and last traded at $24.53, with a volume of 100,802 shares. The stock had previously closed at $24.08.

Several research analysts recently 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 target price on the stock in a report on Thursday, July 28th. FBR & Co restated a “buy” rating and set a $29.00 target price on shares of HomeStreet in a report on Wednesday, July 27th.

The stock has a market capitalization of $622.39 million and a P/E ratio of 12.52. The stock has a 50 day moving average of $22.30 and a 200-day moving average of $20.95.

HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, July 25th. The company reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. During the same period in the previous year, the firm earned $0.65 earnings per share. On average, equities research analysts predict that HomeStreet Inc. will post $2.27 earnings per share 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 stock was sold at an average price of $20.42, for a total value of $108,920.28. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

An institutional investor recently raised its position in HomeStreet stock. Royce & Associates LLC raised its position in shares of HomeStreet Inc. (NASDAQ:HMST) by 97.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,300 shares of the company’s stock after buying an additional 43,100 shares during the period. Royce & Associates LLC owned approximately 0.40% of HomeStreet worth $1,895,000 at the end of the most recent 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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