HomeStreet (NASDAQ:HMST) Price Target Cut to $13.50

HomeStreet (NASDAQ:HMST) had its price objective decreased by investment analysts at Keefe, Bruyette & Woods from $15.50 to $13.50 in a report released on Tuesday, Benzinga reports. The brokerage currently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 25.12% from the stock’s previous close.

Several other analysts also recently weighed in on the stock. StockNews.com assumed coverage on shares of HomeStreet in a research report on Wednesday, May 1st. They issued a “sell” rating on the stock. Wedbush lifted their price objective on shares of HomeStreet from $15.00 to $16.00 and gave the company a “neutral” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat, HomeStreet currently has an average rating of “Hold” and a consensus price target of $11.50.

HomeStreet Stock Performance

Shares of HomeStreet stock traded up $0.10 during trading hours on Tuesday, reaching $10.79. The company’s stock had a trading volume of 19,925 shares, compared to its average volume of 283,691. The company’s 50 day simple moving average is $13.71 and its 200 day simple moving average is $11.10. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.17 and a current ratio of 1.17. HomeStreet has a one year low of $4.20 and a one year high of $15.82. The stock has a market cap of $203.50 million, a P/E ratio of -5.00 and a beta of 1.35.

Insiders Place Their Bets

In other HomeStreet news, Director Joanne R. Harrell bought 1,685 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average cost of $14.87 per share, for a total transaction of $25,055.95. Following the acquisition, the director now directly owns 14,907 shares of the company’s stock, valued at $221,667.09. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 4.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its stake in shares of HomeStreet by 167.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider’s stock valued at $26,000 after buying an additional 2,055 shares during the period. CWM LLC increased its position in HomeStreet by 2,222.2% in the 4th quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 3,400 shares during the last quarter. AJOVista LLC acquired a new position in HomeStreet in the fourth quarter worth approximately $38,000. Tower Research Capital LLC TRC raised its position in HomeStreet by 132.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 2,503 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in HomeStreet in the third quarter valued at approximately $71,000. 74.71% of the stock is owned by institutional investors and hedge funds.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.