Joanne R. Harrell Purchases 2,146 Shares of HomeStreet, Inc. (NASDAQ:HMST) Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell acquired 2,146 shares of the stock in a transaction on Tuesday, November 26th. The stock was acquired at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the acquisition, the director now directly owns 17,053 shares in the company, valued at $198,667.45. This represents a 14.40 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

HomeStreet Price Performance

Shares of NASDAQ:HMST opened at $11.46 on Thursday. The firm has a market capitalization of $216.14 million, a price-to-earnings ratio of -8.82 and a beta of 1.42. The company has a debt-to-equity ratio of 3.94, a current ratio of 1.15 and a quick ratio of 1.15. The business’s 50 day simple moving average is $13.30 and its 200-day simple moving average is $12.73. HomeStreet, Inc. has a 12 month low of $5.99 and a 12 month high of $16.10.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On HomeStreet

Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in HomeStreet by 4.7% in the second 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. Stieven Capital Advisors L.P. purchased a new stake in shares of HomeStreet in the 3rd quarter worth about $5,358,000. Mendon Capital Advisors Corp grew its stake in HomeStreet by 21.0% in the 2nd quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider’s stock valued at $4,138,000 after acquiring an additional 63,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in HomeStreet by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after acquiring an additional 2,703 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in HomeStreet by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider’s stock valued at $809,000 after acquiring an additional 3,113 shares in the last quarter. 74.71% of the stock is 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.