HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell Buys 2,146 Shares

HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell acquired 2,146 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was bought at an average price of $11.65 per share, with a total value of $25,000.90. Following the acquisition, the director now directly owns 17,053 shares of the company’s stock, valued at $198,667.45. The trade was a 14.40 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

HomeStreet Price Performance

Shares of HMST opened at $11.88 on Friday. The stock has a 50 day simple moving average of $13.15 and a 200 day simple moving average of $12.71. HomeStreet, Inc. has a 52-week low of $6.48 and a 52-week high of $16.10. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $224.06 million, a PE ratio of -9.14 and a beta of 1.42.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. StockNews.com assumed coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They set a “sell” rating on the stock. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Wedbush raised shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Tuesday, November 5th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC bought a new stake in HomeStreet in the 2nd quarter valued at $122,000. EMC Capital Management lifted its holdings in shares of HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,201 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after purchasing an additional 2,703 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of HomeStreet by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after buying an additional 1,354 shares in the last quarter. Finally, Barclays PLC raised its position in HomeStreet by 276.4% in the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after buying an additional 17,578 shares during the last quarter. 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.