HomeStreet Inc (NASDAQ:HMST) EVP Amen Darrell Van bought 2,000 shares of the company’s stock in a transaction on Wednesday, June 12th. The shares were acquired at an average price of $30.75 per share, with a total value of $61,500.00. Following the transaction, the executive vice president now directly owns 38,858 shares of the company’s stock, valued at $1,194,883.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of HomeStreet stock traded down $0.28 on Friday, hitting $30.86. 488 shares of the company traded hands, compared to its average volume of 160,749. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.02 and a current ratio of 1.03. HomeStreet Inc has a 52 week low of $20.50 and a 52 week high of $31.55. The company has a market capitalization of $829.54 million, a PE ratio of 21.03, a P/E/G ratio of 2.54 and a beta of 0.68.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). HomeStreet had a net margin of 7.02% and a return on equity of 5.87%. The company had revenue of $55.65 million for the quarter, compared to the consensus estimate of $102.33 million. During the same period in the prior year, the firm posted $0.21 EPS. On average, analysts forecast that HomeStreet Inc will post 1.73 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of HMST. Bank of Montreal Can lifted its position in 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 acquiring an additional 1,187 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of HomeStreet by 6.2% during the fourth quarter. Arizona State Retirement System now owns 41,567 shares of the financial services provider’s stock worth $882,000 after purchasing an additional 2,420 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of HomeStreet by 20.2% during the fourth quarter. Rhumbline Advisers now owns 76,479 shares of the financial services provider’s stock worth $1,624,000 after purchasing an additional 12,851 shares during the last quarter. Oregon Public Employees Retirement Fund purchased a new position in shares of HomeStreet during the fourth quarter worth $218,000. Finally, Boston Partners raised its holdings in shares of HomeStreet by 66.4% during the fourth quarter. Boston Partners now owns 794,929 shares of the financial services provider’s stock worth $16,876,000 after purchasing an additional 317,139 shares during the last quarter. 81.64% of the stock is owned by hedge funds and other institutional investors.
HMST has been the subject of several recent analyst reports. BidaskClub upgraded HomeStreet from a “sell” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research upgraded HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Friday, May 3rd. B. Riley boosted their target price on HomeStreet to $35.00 and gave the company a “buy” rating in a research report on Tuesday, February 19th. TheStreet lowered HomeStreet from a “b” rating to a “c+” rating in a research report on Tuesday, April 30th. Finally, FIG Partners upgraded HomeStreet from a “market perform” rating to an “outperform” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $32.40.
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HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
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