HomeStreet (NASDAQ:HMST) Price Target Cut to $13.50

HomeStreet (NASDAQ:HMST - Free Report) had its price target cut by Keefe, Bruyette & Woods from $15.50 to $13.50 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 equities analysts have also recently weighed in on HMST. Wedbush raised their price objective on HomeStreet from $15.00 to $16.00 and gave the company a neutral rating in a research note on Tuesday, January 30th. StockNews.com initiated coverage on shares of HomeStreet in a research report on Wednesday, May 1st. They set a sell rating on the stock. One research analyst has rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $11.50.

HomeStreet Stock Down 2.0 %

HMST traded down $0.21 during midday trading on Tuesday, reaching $10.48. 89,321 shares of the company were exchanged, compared to its average volume of 284,485. The company has a market cap of $197.65 million, a price-to-earnings ratio of -5.00 and a beta of 1.35. HomeStreet has a one year low of $4.20 and a one year high of $15.82. The company's fifty day moving average price is $13.71 and its 200 day moving average price is $11.10. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.17 and a current ratio of 1.17.

Insider Transactions at HomeStreet

In related news, Director Joanne R. Harrell purchased 1,685 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $14.87 per share, for a total transaction of $25,055.95. Following the purchase, the director now directly owns 14,907 shares in the company, valued at approximately $221,667.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HMST. PNC Financial Services Group Inc. raised its position in shares of HomeStreet by 167.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,284 shares of the financial services provider's stock valued at $26,000 after buying an additional 2,055 shares in the last quarter. CWM LLC raised its position in HomeStreet by 2,222.2% during the fourth quarter. CWM LLC now owns 3,553 shares of the financial services provider's stock valued at $37,000 after purchasing an additional 3,400 shares in the last quarter. AJOVista LLC bought a new stake in HomeStreet during the fourth quarter worth about $38,000. Tower Research Capital LLC TRC boosted its holdings in shares of HomeStreet by 132.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,388 shares of the financial services provider's stock worth $45,000 after purchasing an additional 2,503 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of HomeStreet during the 3rd quarter valued at about $71,000. Institutional investors 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.