HomeStreet (NASDAQ:HMST) Receives “Market Perform” Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reissued their market perform rating on shares of HomeStreet (NASDAQ:HMSTFree Report) in a research report released on Tuesday morning, Benzinga reports. The firm currently has a $13.50 price objective on the financial services provider’s stock.

Separately, StockNews.com began coverage on HomeStreet in a research note on Tuesday. They set a sell rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, HomeStreet currently has a consensus rating of Hold and a consensus price target of $12.00.

Read Our Latest Stock Analysis on HomeStreet

HomeStreet Trading Up 5.0 %

HMST opened at $11.02 on Tuesday. The business’s 50-day simple moving average is $10.39 and its 200-day simple moving average is $11.89. The company has a market cap of $207.84 million, a P/E ratio of -5.17 and a beta of 1.33. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.17 and a current ratio of 1.17. HomeStreet has a one year low of $4.20 and a one year high of $15.82.

HomeStreet (NASDAQ:HMSTGet Free Report) last released its quarterly earnings results on Tuesday, April 30th. The financial services provider reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.23). The firm had revenue of $41.61 million for the quarter, compared to analysts’ expectations of $48.07 million. HomeStreet had a negative return on equity of 0.43% and a negative net margin of 8.97%. As a group, equities research analysts expect that HomeStreet will post -0.8 EPS for the current fiscal year.

Institutional Trading of HomeStreet

A number of hedge funds have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in HomeStreet by 27.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider’s stock worth $6,045,000 after acquiring an additional 127,969 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of HomeStreet by 47.6% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 435,099 shares of the financial services provider’s stock valued at $3,389,000 after buying an additional 140,357 shares during the period. Acuitas Investments LLC lifted its holdings in shares of HomeStreet by 86.0% in the 4th quarter. Acuitas Investments LLC now owns 342,643 shares of the financial services provider’s stock valued at $3,529,000 after buying an additional 158,455 shares during the period. Terrapin Asset Management LLC acquired a new stake in shares of HomeStreet in the 3rd quarter valued at approximately $1,926,000. Finally, Kennedy Capital Management LLC acquired a new stake in shares of HomeStreet in the 1st quarter valued at approximately $3,720,000. 74.71% of the stock is owned by institutional investors and hedge funds.

About HomeStreet

(Get Free Report)

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

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