ValuEngine upgraded shares of HomeStreet, Inc. (NASDAQ:HMST) from a hold rating to a buy rating in a research note published on Tuesday morning.
A number of other analysts also recently weighed in on HMST. Zacks Investment Research upgraded HomeStreet from a strong sell rating to a hold rating in a research report on Thursday, June 29th. BidaskClub downgraded HomeStreet from a hold rating to a sell rating in a research report on Monday, July 24th. FIG Partners reiterated a market perform rating and set a $26.25 target price (down from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Finally, Keefe, Bruyette & Woods reiterated a buy rating and set a $31.00 target price on shares of HomeStreet in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. HomeStreet currently has an average rating of Hold and an average target price of $29.56.
HomeStreet (HMST) opened at 27.00 on Tuesday. HomeStreet has a one year low of $24.00 and a one year high of $33.70. The firm’s 50 day moving average price is $25.23 and its 200-day moving average price is $26.65. The company has a market capitalization of $725.87 million, a PE ratio of 14.03 and a beta of 0.07.
HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.18). HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. The firm had revenue of $127.88 million during the quarter, compared to analyst estimates of $143.41 million. During the same period in the prior year, the company earned $0.90 earnings per share. Equities analysts forecast that HomeStreet will post $1.57 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of HomeStreet during the 2nd quarter worth $117,000. State of Alaska Department of Revenue lifted its position in shares of HomeStreet by 90.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock worth $147,000 after buying an additional 2,531 shares during the last quarter. First Interstate Bank lifted its position in shares of HomeStreet by 42.8% during the 2nd quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,675 shares during the last quarter. Mason Street Advisors LLC lifted its position in shares of HomeStreet by 15.5% during the 1st quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock worth $165,000 after buying an additional 789 shares during the last quarter. Finally, Airain ltd bought a new stake in shares of HomeStreet during the 1st quarter worth $211,000. Institutional investors and hedge funds own 83.89% of the company’s stock.
HomeStreet Company Profile
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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