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

Janney Montgomery Scott upgraded shares of HomeStreet (NASDAQ:HMST - Free Report) from a neutral rating to a buy rating in a report released on Tuesday morning, Marketbeat.com reports.

Separately, Wedbush upped their price target on shares of HomeStreet from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.25.

HomeStreet Trading Down 0.4 %

NASDAQ HMST traded down $0.05 during mid-day trading on Tuesday, reaching $11.35. 233,199 shares of the stock were exchanged, compared to its average volume of 161,793. The stock has a market capitalization of $214.75 million, a PE ratio of -1.48 and a beta of 1.45. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.02 and a current ratio of 1.02. HomeStreet has a 1-year low of $8.09 and a 1-year high of $16.10. The business's fifty day simple moving average is $9.91 and its 200 day simple moving average is $11.46.

HomeStreet (NASDAQ:HMST - Get Free Report) 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 net margin of 40.30% and a negative return on equity of 4.23%. On average, research analysts anticipate that HomeStreet will post 0.3 earnings per share for the current fiscal year.

Institutional Trading of HomeStreet

A number of institutional investors and hedge funds have recently bought and sold shares of HMST. Philadelphia Financial Management of San Francisco LLC lifted its position 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 valued at $24,624,000 after buying an additional 68,855 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of HomeStreet by 37.0% during the 4th quarter. Wellington Management Group LLP now owns 919,278 shares of the financial services provider's stock valued at $10,498,000 after acquiring an additional 248,352 shares in the last quarter. Ameriprise Financial Inc. boosted its position in HomeStreet by 28.3% during the 4th quarter. Ameriprise Financial Inc. now owns 750,902 shares of the financial services provider's stock worth $8,575,000 after purchasing an additional 165,842 shares during the period. Dimensional Fund Advisors LP increased its holdings in HomeStreet by 2.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 631,996 shares of the financial services provider's stock valued at $7,217,000 after purchasing an additional 18,092 shares in the last quarter. Finally, D. E. Shaw & Co. Inc. raised its position in HomeStreet by 126.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 428,578 shares of the financial services provider's stock valued at $4,894,000 after purchasing an additional 239,219 shares during the period. Institutional investors and hedge funds 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.