Keefe, Bruyette & Woods Increases HomeStreet (NASDAQ:HMST) Price Target to $14.50

HomeStreet (NASDAQ:HMST) had its price objective hoisted by Keefe, Bruyette & Woods from $13.50 to $14.50 in a research report report published on Tuesday, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Several other analysts also recently issued reports on HMST. Janney Montgomery Scott upgraded HomeStreet from a neutral rating to a buy rating and set a $13.50 price target for the company in a research note on Thursday, June 20th. StockNews.com initiated coverage on HomeStreet in a research report on Sunday, July 28th. They set a sell rating for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and an average target price of $12.25.

HomeStreet Stock Performance

HMST opened at $14.20 on Tuesday. The business has a fifty day simple moving average of $11.06 and a 200 day simple moving average of $12.52. The company has a market capitalization of $267.81 million, a PE ratio of -6.67 and a beta of 1.38. HomeStreet has a 1 year low of $4.20 and a 1 year high of $15.82. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.14 and a quick ratio of 1.17.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.01. The business had revenue of $114.35 million during the quarter, compared to the consensus estimate of $43.33 million. HomeStreet had a negative return on equity of 1.87% and a negative net margin of 3.30%. Research analysts expect that HomeStreet will post -0.75 EPS for the current year.

Institutional Trading of HomeStreet

Several institutional investors and hedge funds have recently modified their holdings of HMST. CWM LLC lifted its position in shares of HomeStreet by 2,222.2% during the 4th quarter. CWM LLC now owns 3,553 shares of the financial services provider’s stock worth $37,000 after buying an additional 3,400 shares during the last quarter. AJOVista LLC bought a new stake in shares of HomeStreet during the 4th quarter worth $38,000. Tower Research Capital LLC TRC lifted its position in shares of HomeStreet by 132.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider’s stock worth $45,000 after buying an additional 2,503 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of HomeStreet during the 4th quarter worth $129,000. Finally, EMC Capital Management lifted its position in shares of HomeStreet by 16.2% during the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock worth $130,000 after buying an additional 1,201 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors.

About HomeStreet

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.