HomeStreet (NASDAQ:HMST) Rating Increased to Buy at Janney Montgomery Scott

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

Separately, Wedbush raised their price objective on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, December 19th.

HomeStreet Stock Up 26.2 %

HMST 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. The business has a 50 day moving average price of $9.81 and a two-hundred day moving average price of $11.50. HomeStreet has a 52 week low of $8.09 and a 52 week high of $16.10. The company has a market cap of $222.13 million, a PE ratio of -1.53 and a beta of 1.45.

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

Institutional Trading of HomeStreet

Institutional investors have recently added to or reduced their stakes in the stock. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of HomeStreet during the 3rd quarter valued at approximately $2,633,000. Philadelphia Financial Management of San Francisco LLC raised its holdings in HomeStreet by 4.6% during the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock worth $24,624,000 after purchasing an additional 68,855 shares during the last quarter. State Street Corp boosted its position in HomeStreet by 0.3% during the third quarter. State Street Corp now owns 422,031 shares of the financial services provider’s stock worth $6,651,000 after purchasing an additional 1,083 shares in the last quarter. Wellington Management Group LLP grew its holdings in HomeStreet by 494.0% in the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock valued at $10,574,000 after purchasing an additional 557,977 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in HomeStreet by 20.2% in the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider’s stock valued at $639,000 after purchasing an additional 6,810 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.