HomeStreet, Inc. (NASDAQ:HMST - Get Free Report) EVP Godfrey B. Evans sold 4,636 shares of HomeStreet stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $11.55, for a total value of $53,545.80. Following the completion of the sale, the executive vice president now directly owns 67,049 shares in the company, valued at approximately $774,415.95. This represents a 6.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
HomeStreet Stock Down 2.9 %
HMST stock opened at $11.46 on Wednesday. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. The business has a 50 day moving average price of $13.38 and a two-hundred day moving average price of $12.72. HomeStreet, Inc. has a twelve month low of $5.98 and a twelve month high of $16.10.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the company. Janney Montgomery Scott lowered HomeStreet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Wedbush raised HomeStreet from a "neutral" rating to an "outperform" rating and set a $12.00 target price on the stock in a research report on Tuesday, November 5th. StockNews.com started coverage on HomeStreet in a research report on Sunday, September 22nd. They issued a "sell" rating on the stock. Finally, Keefe, Bruyette & Woods raised their price target on HomeStreet from $13.50 to $14.50 and gave the company a "market perform" rating in a research note on Tuesday, July 30th.
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Get Our Latest Stock Analysis on HomeStreet
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new position in HomeStreet in the second quarter valued at approximately $122,000. EMC Capital Management increased its holdings 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 acquiring an additional 1,201 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of HomeStreet by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock worth $164,000 after acquiring an additional 2,703 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of HomeStreet by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider's stock worth $218,000 after acquiring an additional 1,354 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of HomeStreet by 276.4% during the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider's stock worth $377,000 after acquiring an additional 17,578 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors.
About HomeStreet
(
Get Free Report)
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.
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