HomeStreet (NASDAQ:HMST) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

HomeStreet, Inc. (NASDAQ:HMST - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $12.81 and traded as high as $15.03. HomeStreet shares last traded at $14.57, with a volume of 74,082 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of HomeStreet from $13.50 to $14.50 and gave the stock a "market perform" rating in a research report on Tuesday, July 30th. StockNews.com initiated coverage on HomeStreet in a report on Sunday, September 22nd. They set a "sell" rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.25.

HomeStreet Stock Performance

The stock has a fifty day moving average price of $15.17 and a 200 day moving average price of $12.82. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06. The firm has a market cap of $275.33 million, a price-to-earnings ratio of -6.85 and a beta of 1.37.

HomeStreet (NASDAQ:HMST - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) EPS for the quarter, beating analysts' consensus estimates of ($0.24) by $0.01. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. The company had revenue of $114.35 million for the quarter, compared to analyst estimates of $43.33 million. As a group, analysts predict that HomeStreet, Inc. will post -0.87 earnings per share for the current year.

Insider Activity

In related news, Director Paulette Lemon sold 2,401 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $15.59, for a total transaction of $37,431.59. Following the completion of the sale, the director now owns 16,923 shares in the company, valued at $263,829.57. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.60% of the stock is currently owned by company insiders.

Institutional Trading of HomeStreet

Several hedge funds and other institutional investors have recently bought and sold shares of HMST. Squarepoint Ops LLC bought a new position in HomeStreet during the second quarter valued at about $122,000. EMC Capital Management lifted its position in HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock worth $130,000 after purchasing an additional 1,201 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock worth $164,000 after buying an additional 2,703 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider's stock valued at $218,000 after buying an additional 1,354 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of HomeStreet in the 2nd quarter valued at $410,000. 74.71% of the stock is currently owned by institutional investors and hedge funds.

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.