HomeStreet (NASDAQ:HMST) Price Target Raised to $15.00 at Wedbush

HomeStreet (NASDAQ:HMST - Free Report) had its target price lifted by Wedbush from $12.00 to $15.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the financial services provider's stock.

Several other equities research analysts also recently commented on HMST. Janney Montgomery Scott downgraded shares of HomeStreet from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. StockNews.com assumed coverage on shares of HomeStreet in a report on Sunday, September 22nd. They set a "sell" rating on the stock.

HomeStreet Price Performance

NASDAQ:HMST traded up $0.18 on Thursday, hitting $10.99. The company had a trading volume of 216,936 shares, compared to its average volume of 195,277. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. HomeStreet has a 52 week low of $8.09 and a 52 week high of $16.10. The stock has a market capitalization of $207.25 million, a price-to-earnings ratio of -8.45 and a beta of 1.49. The firm has a 50 day moving average of $12.10 and a two-hundred day moving average of $12.92.

Insider Activity

In other news, EVP David L. Parr sold 5,210 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $11.53, for a total transaction of $60,071.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joanne R. Harrell acquired 2,146 shares of the stock in a transaction dated Tuesday, November 26th. The stock was bought at an average cost of $11.65 per share, with a total value of $25,000.90. Following the completion of the purchase, the director now directly owns 17,053 shares in the company, valued at approximately $198,667.45. The trade was a 14.40 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have sold 17,846 shares of company stock valued at $203,697. Company insiders own 4.60% of the company's stock.

Institutional Trading of HomeStreet

Several institutional investors and hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its stake in HomeStreet by 276.4% in the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider's stock worth $377,000 after acquiring an additional 17,578 shares during the period. Geode Capital Management LLC increased its holdings in shares of HomeStreet by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider's stock valued at $6,717,000 after acquiring an additional 7,898 shares during the period. Jane Street Group LLC lifted its stake 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 purchasing an additional 6,810 shares during the last quarter. Wellington Management Group LLP boosted its position in HomeStreet by 494.0% during 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 in the last quarter. Finally, State Street Corp grew its stake in 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 last quarter. 74.71% of the stock is currently 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.