HomeStreet, Inc. (NASDAQ:HMST - Get Free Report) Director Sidney Craig Tompkins purchased 5,000 shares of the company's stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $11.49 per share, with a total value of $57,450.00. Following the completion of the transaction, the director now owns 5,000 shares of the company's stock, valued at approximately $57,450. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
HomeStreet Stock Down 6.2 %
Shares of NASDAQ HMST opened at $10.81 on Thursday. HomeStreet, Inc. has a 1 year low of $8.09 and a 1 year high of $16.10. The firm has a 50-day simple moving average of $12.18 and a two-hundred day simple moving average of $12.93. The company has a market cap of $203.85 million, a P/E ratio of -8.32 and a beta of 1.49. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15.
Analyst Ratings Changes
Several research analysts recently weighed in on HMST shares. StockNews.com started coverage on shares of HomeStreet in a report on Sunday, September 22nd. They issued a "sell" rating for the company. Wedbush upgraded HomeStreet from a "neutral" rating to an "outperform" rating and set a $12.00 target price for the company in a research report on Tuesday, November 5th. Finally, Janney Montgomery Scott cut HomeStreet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th.
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Hedge Funds Weigh In On HomeStreet
A number of institutional investors have recently modified their holdings of HMST. State Street Corp boosted its holdings in shares of HomeStreet by 0.3% in the third quarter. State Street Corp now owns 422,031 shares of the financial services provider's stock valued at $6,651,000 after purchasing an additional 1,083 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in 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 valued at $164,000 after purchasing an additional 2,703 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of HomeStreet by 4.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider's stock worth $809,000 after buying an additional 3,113 shares during the period. Jane Street Group LLC grew its position in shares of HomeStreet by 20.2% during the 3rd quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider's stock worth $639,000 after buying an additional 6,810 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 buying an additional 7,898 shares during the period. 74.71% of the stock is owned by hedge funds and other institutional investors.
HomeStreet Company Profile
(
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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