HomeStreet Inc. (HMST) Sees Strong Trading Volume
HomeStreet Inc. (NASDAQ:HMST) saw unusually-high trading volume on Friday . Approximately 196,138 shares were traded during trading, an increase of 0% from the previous session’s volume of 195,220 shares.The stock last traded at $25.00 and had previously closed at $25.20.
HMST has been the topic of several analyst reports. FBR & Co reaffirmed a “buy” rating and set a $29.00 target price on shares of HomeStreet in a research report on Wednesday, July 27th. Zacks Investment Research raised HomeStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, May 10th.
The stock’s 50-day moving average is $22.61 and its 200 day moving average is $21.02. The company has a market cap of $619.41 million and a P/E ratio of 12.46.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, July 25th. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.22. During the same period in the prior year, the business posted $0.65 EPS. Equities analysts forecast that HomeStreet Inc. will post $2.27 EPS for the current year.
In other HomeStreet news, Director Richard W. H. Bennion sold 5,334 shares of the company’s stock in a transaction that occurred on Wednesday, June 1st. The stock was sold at an average price of $20.42, for a total transaction of $108,920.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
An institutional investor recently raised its position in HomeStreet stock. Royce & Associates LLC boosted its stake in HomeStreet Inc. (NASDAQ:HMST) by 97.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the SEC.
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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