BidaskClub lowered shares of HomeStreet (NASDAQ:HMST) from a buy rating to a hold rating in a report published on Wednesday morning.
Other equities analysts have also issued reports about the stock. Zacks Investment Research lowered shares of HomeStreet from a buy rating to a hold rating in a research report on Thursday, January 10th. DA Davidson reduced their target price on shares of HomeStreet to $26.00 and set a neutral rating on the stock in a research report on Thursday, December 20th. B. Riley upped their target price on shares of HomeStreet to $35.00 and gave the stock a buy rating in a research report on Tuesday, February 19th. TheStreet upgraded shares of HomeStreet from a c+ rating to a b rating in a research report on Wednesday, October 31st. Finally, ValuEngine lowered shares of HomeStreet from a buy rating to a hold rating in a research report on Thursday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $29.17.
Get HomeStreet alerts:NASDAQ:HMST opened at $28.08 on Wednesday. The stock has a market capitalization of $760.90 million, a price-to-earnings ratio of 19.05, a PEG ratio of 1.99 and a beta of 0.69. HomeStreet has a 12 month low of $20.50 and a 12 month high of $31.55. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.20.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. HomeStreet had a net margin of 7.88% and a return on equity of 5.61%. The firm had revenue of $100.00 million for the quarter, compared to analyst estimates of $103.76 million. During the same period in the previous year, the business earned $0.42 earnings per share. Research analysts predict that HomeStreet will post 2.02 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of HomeStreet by 2.4% during the fourth quarter. BlackRock Inc. now owns 3,968,609 shares of the financial services provider’s stock worth $84,253,000 after purchasing an additional 91,856 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of HomeStreet by 0.9% during the third quarter. Dimensional Fund Advisors LP now owns 2,271,407 shares of the financial services provider’s stock worth $60,193,000 after buying an additional 20,458 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of HomeStreet by 1.3% during the third quarter. Vanguard Group Inc. now owns 1,562,636 shares of the financial services provider’s stock worth $41,410,000 after buying an additional 20,345 shares during the last quarter. Vanguard Group Inc raised its stake in shares of HomeStreet by 1.3% during the third quarter. Vanguard Group Inc now owns 1,562,636 shares of the financial services provider’s stock worth $41,410,000 after buying an additional 20,345 shares during the last quarter. Finally, Investment Counselors of Maryland LLC raised its stake in shares of HomeStreet by 1.9% during the fourth quarter. Investment Counselors of Maryland LLC now owns 795,757 shares of the financial services provider’s stock worth $16,894,000 after buying an additional 14,795 shares during the last quarter. Institutional investors own 83.43% of the company’s stock.
About HomeStreet
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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