Piper Sandler started coverage on shares of HomeStreet (NASDAQ:HMST) in a research report report published on Thursday morning, TipRanks reports. The brokerage issued a hold rating and a $35.00 target price on the financial services provider’s stock.
Several other equities analysts have also recently commented on the stock. BidaskClub cut shares of HomeStreet from a hold rating to a sell rating in a research report on Friday, January 24th. B. Riley reissued a buy rating and set a $36.00 target price on shares of HomeStreet in a research report on Tuesday, January 28th. TheStreet raised shares of HomeStreet from a c+ rating to a b rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods reissued a hold rating and set a $33.00 target price on shares of HomeStreet in a research report on Tuesday, January 28th. Finally, Zacks Investment Research cut shares of HomeStreet from a buy rating to a hold rating in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $33.00.
Shares of HomeStreet stock traded down $0.03 during mid-day trading on Thursday, hitting $31.87. 157,276 shares of the stock were exchanged, compared to its average volume of 184,641. HomeStreet has a 12 month low of $24.71 and a 12 month high of $35.44. The company has a 50-day simple moving average of $33.04 and a 200 day simple moving average of $30.02. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.93 and a current ratio of 0.96. The company has a market capitalization of $784.31 million, a P/E ratio of 44.26 and a beta of 0.76.
HomeStreet (NASDAQ:HMST) last posted its earnings results on Monday, January 27th. The financial services provider reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.18. HomeStreet had a net margin of 4.97% and a return on equity of 5.74%. The firm had revenue of $67.44 million for the quarter, compared to analysts’ expectations of $64.59 million. During the same quarter last year, the firm earned $0.36 EPS. Analysts predict that HomeStreet will post 2.21 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Wednesday, February 5th will be paid a dividend of $0.15 per share. The ex-dividend date is Tuesday, February 4th. This represents a $0.60 annualized dividend and a dividend yield of 1.88%. This is a positive change from HomeStreet’s previous quarterly dividend of $0.11. HomeStreet’s dividend payout ratio (DPR) is presently 35.29%.
In related news, Director James R. Mitchell purchased 3,500 shares of the firm’s stock in a transaction dated Thursday, February 6th. The stock was bought at an average price of $31.90 per share, for a total transaction of $111,650.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.64% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of HomeStreet during the 4th quarter worth approximately $500,000. Charles Schwab Investment Management Inc. increased its stake in shares of HomeStreet by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 145,450 shares of the financial services provider’s stock worth $4,946,000 after purchasing an additional 2,683 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of HomeStreet by 33.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,350 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 335 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of HomeStreet by 25.0% during the 4th quarter. Acadian Asset Management LLC now owns 265,962 shares of the financial services provider’s stock worth $9,040,000 after purchasing an additional 53,243 shares during the last quarter. Finally, Sei Investments Co. increased its stake in shares of HomeStreet by 7.6% during the 4th quarter. Sei Investments Co. now owns 39,725 shares of the financial services provider’s stock worth $1,351,000 after purchasing an additional 2,791 shares during the last quarter. Institutional investors own 82.49% of the company’s stock.
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
Further Reading: What does a neutral rating on stocks mean?
Receive News & Ratings for HomeStreet Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HomeStreet and related companies with MarketBeat.com’s FREE daily email newsletter.