HomeStreet (HMST) Downgraded by BidaskClub

HomeStreet (NASDAQ:HMST) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Thursday.

Other research analysts also recently issued reports about the company. ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. FBR & Co reiterated a “hold” rating on shares of HomeStreet in a report on Tuesday, October 3rd. Zacks Investment Research upgraded HomeStreet from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, B. Riley reiterated a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $29.08.

HomeStreet (HMST) opened at $28.75 on Thursday. The company has a market capitalization of $777.63, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.75 and a beta of 0.23. HomeStreet has a fifty-two week low of $24.00 and a fifty-two week high of $33.70. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.10. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. The business had revenue of $134.72 million for the quarter, compared to the consensus estimate of $129.90 million. During the same period last year, the business posted $1.12 EPS. equities analysts predict that HomeStreet will post 1.66 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of HMST. Victory Capital Management Inc. boosted its position in shares of HomeStreet by 120.1% in the 2nd quarter. Victory Capital Management Inc. now owns 812,090 shares of the financial services provider’s stock worth $22,475,000 after purchasing an additional 443,105 shares in the last quarter. NWQ Investment Management Company LLC boosted its position in shares of HomeStreet by 32.9% in the 3rd quarter. NWQ Investment Management Company LLC now owns 1,755,458 shares of the financial services provider’s stock worth $47,397,000 after purchasing an additional 434,465 shares in the last quarter. Boston Partners acquired a new stake in shares of HomeStreet in the 2nd quarter worth $7,458,000. Dimensional Fund Advisors LP boosted its position in shares of HomeStreet by 12.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,492 shares of the financial services provider’s stock worth $61,286,000 after purchasing an additional 240,299 shares in the last quarter. Finally, BlackRock Inc. boosted its position in shares of HomeStreet by 6.8% in the 2nd quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock worth $94,035,000 after purchasing an additional 215,443 shares in the last quarter. 85.33% of the stock is owned by hedge funds and other institutional investors.

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About HomeStreet

HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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