BidaskClub upgraded shares of HomeStreet (NASDAQ:HMST) from a sell rating to a hold rating in a research report report published on Tuesday morning.
Several other research analysts also recently issued reports on the stock. TheStreet upgraded shares of HomeStreet from a c+ rating to a b- rating in a research note on Thursday, January 24th. Zacks Investment Research cut shares of HomeStreet from a hold rating to a sell rating in a report on Saturday, January 26th. ValuEngine cut shares of HomeStreet from a buy rating to a hold rating in a report on Wednesday, January 2nd. DA Davidson decreased their price objective on shares of HomeStreet to $26.00 and set a neutral rating for the company in a report on Thursday, December 20th. Finally, B. Riley set a $36.00 price objective on shares of HomeStreet and gave the company a buy rating in a report on Monday, October 15th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. HomeStreet has a consensus rating of Hold and a consensus price target of $29.33.
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Shares of NASDAQ HMST opened at $26.91 on Tuesday. The company has a market capitalization of $722.30 million, a PE ratio of 18.18, a PEG ratio of 1.89 and a beta of 0.69. HomeStreet has a 52-week low of $20.50 and a 52-week high of $31.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.83 and a current ratio of 0.89.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Tuesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $100.00 million for the quarter, compared to the consensus estimate of $103.76 million. HomeStreet had a net margin of 7.88% and a return on equity of 5.61%. During the same quarter in the prior year, the firm posted $0.42 earnings per share. On average, research analysts anticipate that HomeStreet will post 2.02 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HMST. Bank of Montreal Can raised its holdings in shares of HomeStreet by 110.5% during the fourth quarter. Bank of Montreal Can now owns 2,261 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,187 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in HomeStreet during the third quarter valued at approximately $163,000. Municipal Employees Retirement System of Michigan purchased a new stake in HomeStreet during the fourth quarter valued at approximately $166,000. Metropolitan Life Insurance Co. NY increased its holdings in HomeStreet by 358.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,930 shares of the financial services provider’s stock valued at $190,000 after buying an additional 6,983 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in HomeStreet during the third quarter valued at approximately $212,000. 79.14% of the stock is owned by hedge funds and other institutional investors.
HomeStreet Company Profile
HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.
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