HomeStreet (NASDAQ:HMST) Coverage Initiated by Analysts at StockNews.com

Equities researchers at StockNews.com began coverage on shares of HomeStreet (NASDAQ:HMSTGet Free Report) in a report issued on Sunday. The brokerage set a “sell” rating on the financial services provider’s stock.

Several other research firms have also recently weighed in on HMST. Keefe, Bruyette & Woods increased their price objective on shares of HomeStreet from $11.00 to $15.50 and gave the stock a “market perform” rating in a research report on Wednesday, January 17th. Wedbush increased their target price on shares of HomeStreet from $15.00 to $16.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. Finally, Piper Sandler cut their target price on shares of HomeStreet from $8.00 to $5.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $12.17.

Get Our Latest Report on HomeStreet

HomeStreet Trading Up 4.1 %

HMST opened at $13.09 on Friday. HomeStreet has a twelve month low of $4.20 and a twelve month high of $28.05. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 3.66. The company has a fifty day moving average of $11.36 and a 200-day moving average of $9.00. The stock has a market cap of $246.22 million, a PE ratio of -8.97 and a beta of 1.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HMST. Advisor Group Holdings Inc. boosted its stake in HomeStreet by 10.0% during the first quarter. Advisor Group Holdings Inc. now owns 3,390 shares of the financial services provider’s stock worth $161,000 after acquiring an additional 309 shares in the last quarter. MetLife Investment Management LLC lifted its stake in shares of HomeStreet by 57.7% in the first quarter. MetLife Investment Management LLC now owns 10,984 shares of the financial services provider’s stock valued at $520,000 after buying an additional 4,021 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of HomeStreet by 12.0% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 17,315 shares of the financial services provider’s stock valued at $820,000 after buying an additional 1,859 shares in the last quarter. Yousif Capital Management LLC lifted its stake in shares of HomeStreet by 1.3% in the first quarter. Yousif Capital Management LLC now owns 21,415 shares of the financial services provider’s stock valued at $1,015,000 after buying an additional 270 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of HomeStreet by 19.4% in the first quarter. Federated Hermes Inc. now owns 298,771 shares of the financial services provider’s stock valued at $14,156,000 after buying an additional 48,460 shares in the last quarter. 76.45% of the stock is owned by institutional investors.

HomeStreet Company Profile

(Get Free Report)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing, money market accounts, and certificates of deposit; credit cards; insurance; and cash management services.

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