HomeStreet (NASDAQ:HMST) Price Target Raised to $15.00

HomeStreet (NASDAQ:HMST) had its target price upped by Wedbush from $12.00 to $15.00 in a research report report published on Thursday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

A number of other equities research analysts have also recently weighed in on HMST. StockNews.com started coverage on HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating on the stock. Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th.

HomeStreet Stock Up 1.5 %

NASDAQ HMST traded up $0.17 during trading on Thursday, hitting $11.16. The stock had a trading volume of 29,709 shares, compared to its average volume of 194,600. The company has a market capitalization of $210.46 million, a PE ratio of -8.58 and a beta of 1.49. The company’s 50-day moving average price is $12.10 and its two-hundred day moving average price is $12.92. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet has a 12 month low of $8.09 and a 12 month high of $16.10.

Insider Buying and Selling at HomeStreet

In related news, Director Joanne R. Harrell acquired 2,146 shares of the stock in a transaction dated Tuesday, November 26th. The stock was bought at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the completion of the transaction, the director now directly owns 17,053 shares of the company’s stock, valued at $198,667.45. The trade was a 14.40 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Michel sold 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.26, for a total value of $90,080.00. Following the sale, the chief financial officer now directly owns 28,409 shares of the company’s stock, valued at $319,885.34. This represents a 21.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,846 shares of company stock worth $203,697. 4.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HomeStreet

Large investors have recently added to or reduced their stakes in the business. Barclays PLC increased its holdings in shares of HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 17,578 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of HomeStreet by 1.9% during the third quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after acquiring an additional 7,898 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of HomeStreet by 20.2% during the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock valued at $639,000 after acquiring an additional 6,810 shares in the last quarter. Wellington Management Group LLP grew its holdings in HomeStreet by 494.0% during the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after buying an additional 557,977 shares in the last quarter. Finally, State Street Corp grew its holdings in HomeStreet by 0.3% during the third quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock worth $6,651,000 after buying an additional 1,083 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

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.