ValuEngine downgraded shares of HomeStreet (NASDAQ:HMST) from a strong-buy rating to a buy rating in a research note released on Tuesday morning.

Several other brokerages have also commented on HMST. BidaskClub upgraded HomeStreet from a hold rating to a buy rating in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods lowered HomeStreet from an outperform rating to a market perform rating in a research report on Wednesday, January 24th. B. Riley reiterated a neutral rating on shares of HomeStreet in a research report on Friday, March 2nd. Zacks Investment Research upgraded HomeStreet from a hold rating to a strong-buy rating and set a $33.00 price objective on the stock in a research report on Monday, January 1st. Finally, Sandler O’Neill set a $31.00 price objective on HomeStreet and gave the company a hold rating in a research report on Thursday, March 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. HomeStreet presently has a consensus rating of Hold and an average price target of $29.61.

NASDAQ:HMST opened at $25.80 on Tuesday. HomeStreet has a twelve month low of $24.00 and a twelve month high of $32.60. The stock has a market capitalization of $690.48, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.51 and a beta of 0.34. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.93 and a current ratio of 1.02.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.20). The firm had revenue of $109.29 million for the quarter, compared to the consensus estimate of $116.75 million. HomeStreet had a net margin of 12.13% and a return on equity of 6.60%. During the same quarter last year, the company posted $0.33 earnings per share. research analysts expect that HomeStreet will post 1.69 earnings per share for the current fiscal year.

In related news, EVP Godfrey B. Evans sold 965 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $29.66, for a total transaction of $28,621.90. Following the transaction, the executive vice president now directly owns 23,783 shares in the company, valued at approximately $705,403.78. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mark K. Mason sold 6,934 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $29.53, for a total value of $204,761.02. Following the transaction, the chief executive officer now owns 131,293 shares in the company, valued at $3,877,082.29. The disclosure for this sale can be found here. Insiders have sold a total of 14,414 shares of company stock worth $426,792 over the last quarter. Corporate insiders own 1.64% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of HMST. Wells Fargo & Company MN grew its position in HomeStreet by 11.1% during the 3rd quarter. Wells Fargo & Company MN now owns 111,240 shares of the financial services provider’s stock worth $3,003,000 after acquiring an additional 11,128 shares during the last quarter. Dimensional Fund Advisors LP grew its position in HomeStreet by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,258,773 shares of the financial services provider’s stock worth $60,986,000 after acquiring an additional 44,281 shares during the last quarter. California Public Employees Retirement System grew its position in HomeStreet by 6.5% during the 3rd quarter. California Public Employees Retirement System now owns 48,117 shares of the financial services provider’s stock worth $1,299,000 after acquiring an additional 2,917 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in HomeStreet by 2.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 113,314 shares of the financial services provider’s stock worth $3,281,000 after acquiring an additional 2,298 shares during the last quarter. Finally, Boston Advisors LLC grew its position in HomeStreet by 7.6% during the 4th quarter. Boston Advisors LLC now owns 220,770 shares of the financial services provider’s stock worth $6,391,000 after acquiring an additional 15,620 shares during the last quarter. Institutional investors and hedge funds own 79.57% of the company’s stock.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HomeStreet (NASDAQ:HMST)

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