Godfrey B. Evans Sells 4,636 Shares of HomeStreet, Inc. (NASDAQ:HMST) Stock

HomeStreet, Inc. (NASDAQ:HMST) EVP Godfrey B. Evans sold 4,636 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $11.55, for a total value of $53,545.80. Following the completion of the sale, the executive vice president now directly owns 67,049 shares in the company, valued at approximately $774,415.95. The trade was a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

HomeStreet Stock Down 2.9 %

Shares of NASDAQ:HMST traded down $0.34 during midday trading on Tuesday, hitting $11.46. 140,712 shares of the company’s stock traded hands, compared to its average volume of 198,749. The firm’s fifty day moving average price is $13.38 and its two-hundred day moving average price is $12.72. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet, Inc. has a twelve month low of $5.98 and a twelve month high of $16.10. The company has a market cap of $216.11 million, a PE ratio of -8.86 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in shares of HomeStreet by 494.0% in 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 during the period. Endeavour Capital Advisors Inc. grew its stake in shares of HomeStreet by 113.6% during the second quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock valued at $8,051,000 after acquiring an additional 375,581 shares in the last quarter. Stieven Capital Advisors L.P. purchased a new stake in shares of HomeStreet during the third quarter worth about $5,358,000. Kennedy Capital Management LLC acquired a new position in shares of HomeStreet in the first quarter worth about $3,720,000. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in HomeStreet in the third quarter valued at about $2,633,000. Institutional investors and hedge funds own 74.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on HMST shares. StockNews.com began coverage on shares of HomeStreet in a report on Sunday, September 22nd. They issued a “sell” rating for the company. Keefe, Bruyette & Woods increased their target price on HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a research report on Tuesday, July 30th. Wedbush raised HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Tuesday, November 5th. Finally, Janney Montgomery Scott downgraded HomeStreet from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th.

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.