HomeStreet (NASDAQ:HMST) Stock Price Expected to Rise, Piper Sandler Analyst Says

HomeStreet (NASDAQ:HMST - Free Report) had its target price upped by Piper Sandler from $10.00 to $14.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider's stock.

HMST has been the subject of several other reports. Janney Montgomery Scott upgraded shares of HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Wedbush increased their price objective on HomeStreet from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $14.25.

HomeStreet Price Performance

Shares of NASDAQ HMST traded down $0.05 during mid-day trading on Tuesday, hitting $11.35. 233,199 shares of the stock traded hands, compared to its average volume of 162,245. The company has a market cap of $214.75 million, a PE ratio of -1.48 and a beta of 1.45. HomeStreet has a twelve month low of $8.09 and a twelve month high of $16.10. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a 50 day simple moving average of $9.91 and a two-hundred day simple moving average of $11.43.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings results 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 net margin of 40.30% and a negative return on equity of 4.23%. As a group, equities research analysts forecast that HomeStreet will post 0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On HomeStreet

Institutional investors have recently modified their holdings of the company. State Street Corp raised its stake 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 buying an additional 1,083 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of HomeStreet by 7.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,222 shares of the financial services provider's stock worth $186,000 after acquiring an additional 1,136 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of HomeStreet by 66.1% in the 4th quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,266 shares during the period. EMC Capital Management grew its stake in HomeStreet by 20.8% during the fourth quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock worth $98,000 after purchasing an additional 1,484 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in HomeStreet by 27.5% in the fourth quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider's stock worth $124,000 after purchasing an additional 2,339 shares in the last quarter. 74.71% of the stock is owned by institutional investors.

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.