HomeStreet, Inc. (NASDAQ:HMST) has earned a consensus rating of “Hold” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $28.63.

Several brokerages recently issued reports on HMST. BidaskClub cut HomeStreet from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. FBR & Co restated a “hold” rating on shares of HomeStreet in a research note on Tuesday, October 3rd. ValuEngine cut HomeStreet from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $31.00 target price on shares of HomeStreet in a research note on Friday, July 14th. Finally, Zacks Investment Research cut HomeStreet from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th.

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Large investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of HomeStreet during the second quarter worth $117,000. State of Alaska Department of Revenue increased its holdings in shares of HomeStreet by 90.7% during the second quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock worth $147,000 after buying an additional 2,531 shares in the last quarter. First Interstate Bank increased its holdings in shares of HomeStreet by 42.8% during the second quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,675 shares in the last quarter. Mason Street Advisors LLC increased its holdings in shares of HomeStreet by 15.5% during the first quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock worth $165,000 after buying an additional 789 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of HomeStreet by 90.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock worth $235,000 after buying an additional 4,040 shares in the last quarter. Institutional investors own 83.89% of the company’s stock.

Shares of HomeStreet (NASDAQ:HMST) remained flat at $28.75 during mid-day trading on Friday. 197,095 shares of the company were exchanged. The company’s 50 day moving average is $26.07 and its 200-day moving average is $26.74. The company has a market capitalization of $772.92 million, a P/E ratio of 14.94 and a beta of 0.06. HomeStreet has a 12-month low of $24.00 and a 12-month high of $33.70.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.18). The company had revenue of $127.88 million during the quarter, compared to the consensus estimate of $143.41 million. HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. During the same quarter last year, the firm posted $0.90 earnings per share. On average, equities research analysts anticipate that HomeStreet will post $1.58 EPS for the current year.

About HomeStreet

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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