ValuEngine lowered shares of HomeStreet, Inc. (NASDAQ:HMST) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

A number of other research analysts have also recently issued reports on the stock. FIG Partners cut shares of HomeStreet from an outperform rating to a market perform rating in a report on Friday, April 28th. Zacks Investment Research cut shares of HomeStreet from a hold rating to a sell rating in a report on Wednesday, May 3rd. Keefe, Bruyette & Woods restated a buy rating and set a $31.00 price target on shares of HomeStreet in a report on Friday, June 2nd. Finally, BidaskClub cut shares of HomeStreet from a hold rating to a sell rating in a research note on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. HomeStreet has a consensus rating of Hold and an average price target of $29.45.

Shares of HomeStreet (HMST) traded up 1.17% during trading on Thursday, hitting $26.05. 336,059 shares of the stock traded hands. The firm has a 50-day moving average of $27.39 and a 200-day moving average of $27.11. The firm has a market capitalization of $700.07 million, a price-to-earnings ratio of 13.54 and a beta of 0.05. HomeStreet has a 1-year low of $22.52 and a 1-year high of $33.70.

HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by $0.18. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. The firm had revenue of $127.88 million for the quarter, compared to the consensus estimate of $143.41 million. During the same period in the prior year, the business earned $0.90 EPS. On average, equities analysts forecast that HomeStreet will post $1.56 earnings per share for the current year.

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In other HomeStreet news, EVP William Endresen sold 1,000 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $27.38, for a total transaction of $27,380.00. Following the completion of the sale, the executive vice president now owns 1,170 shares of the company’s stock, valued at approximately $32,034.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 7.59% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp raised its position in shares of HomeStreet by 30.6% in the fourth quarter. State Street Corp now owns 483,782 shares of the financial services provider’s stock valued at $15,285,000 after buying an additional 113,477 shares during the last quarter. Guggenheim Capital LLC purchased a new stake in HomeStreet during the fourth quarter worth $1,610,000. Teachers Retirement System of The State of Kentucky purchased a new stake in HomeStreet during the fourth quarter worth $265,000. Teachers Advisors LLC raised its stake in HomeStreet by 23.9% in the fourth quarter. Teachers Advisors LLC now owns 50,825 shares of the financial services provider’s stock worth $1,606,000 after buying an additional 9,812 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in HomeStreet by 9.6% in the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $288,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 82.97% of the company’s stock.

About HomeStreet

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. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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