HomeStreet (NASDAQ:HMST) Upgraded by Janney Montgomery Scott to Buy Rating

HomeStreet (NASDAQ:HMST) was upgraded by equities research analysts at Janney Montgomery Scott from a “neutral” rating to a “buy” rating in a research report issued on Tuesday,Briefing.com Automated Import reports.

Separately, Wedbush lifted their price target on shares of HomeStreet from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th.

HomeStreet Price Performance

HomeStreet stock opened at $11.74 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.09. HomeStreet has a 52-week low of $8.09 and a 52-week high of $16.10. The firm has a market cap of $222.13 million, a PE ratio of -1.53 and a beta of 1.45. The company’s 50 day moving average is $9.81 and its two-hundred day moving average is $11.50.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. On average, research analysts expect that HomeStreet will post 0.3 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. boosted its holdings in HomeStreet by 66.1% in the fourth quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,266 shares in the last quarter. Assetmark Inc. acquired a new position in shares of HomeStreet in the 4th quarter valued at $40,000. EMC Capital Management grew its position in shares of HomeStreet by 20.8% in the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $98,000 after buying an additional 1,484 shares during the last quarter. Oxford Asset Management LLP acquired a new stake in HomeStreet during the 4th quarter worth $118,000. Finally, Wells Fargo & Company MN lifted its position in HomeStreet by 27.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 2,339 shares during the last quarter. Hedge funds and other institutional investors own 74.71% of the company’s stock.

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.