HomeStreet (NASDAQ:HMST) Share Price Crosses Above 200 Day Moving Average - What's Next?

HomeStreet, Inc. (NASDAQ:HMST - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.85 and traded as high as $14.30. HomeStreet shares last traded at $13.92, with a volume of 72,307 shares changing hands.

Analyst Ratings Changes

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

HomeStreet Trading Down 34.9 %

The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $170.85 million, a P/E ratio of -4.25 and a beta of 1.37. The firm has a 50 day simple moving average of $15.10 and a 200 day simple moving average of $12.85.

HomeStreet (NASDAQ:HMST - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.12). The firm had revenue of $39.68 million during the quarter, compared to the consensus estimate of $42.93 million. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. On average, equities research analysts predict that HomeStreet, Inc. will post -0.87 EPS for the current fiscal year.

Insider Transactions at HomeStreet

In related news, Director Paulette Lemon sold 2,401 shares of HomeStreet stock in a transaction 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 of the company's stock, valued at approximately $263,829.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.60% of the company's stock.

Institutional Investors Weigh In On HomeStreet

Several hedge funds have recently bought and sold shares of the stock. Endeavour Capital Advisors Inc. raised its position in shares of HomeStreet by 113.6% during the 2nd quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider's stock valued at $8,051,000 after buying an additional 375,581 shares in the last quarter. Kennedy Capital Management LLC purchased a new stake in HomeStreet during the first quarter valued at about $3,720,000. Mendon Capital Advisors Corp raised its position in HomeStreet by 21.0% during the second quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider's stock valued at $4,138,000 after purchasing an additional 63,000 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in HomeStreet during the second quarter worth about $410,000. Finally, Dimensional Fund Advisors LP increased its position in shares of HomeStreet by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider's stock valued at $7,299,000 after purchasing an additional 28,874 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors.

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.