HomeStreet Receives 'Sell' Rating from StockNews.com Analysts

Investment analysts at StockNews.com have initiated coverage on HomeStreet (NASDAQ:HMST), issuing a 'sell' recommendation for the company's stock in a recent note to investors.

Analyst Evaluations for HomeStreet

Alongside StockNews.com's new rating, other research firms have also published their assessments of HomeStreet's stock. Piper Sandler decreased their price target on HomeStreet from $8.00 to $5.00, maintaining a 'neutral' outlook. Wedbush, on the other hand, increased their price target from $15.00 to $16.00 and retained a 'neutral' stance. Keefe, Bruyette & Woods raised their price goal from $11.00 to $15.50, also classifying the stock as 'market perform'. Collectively, these ratings culminate in a consensus 'Hold' rating and an average target price of $12.17, as reported by MarketBeat.

HomeStreet's Financial Metrics

The NASDAQ-listed HMST began trading at $13.54 on Monday with a market capitalization of $254.69 million. Displaying a PE ratio of -9.27 and a beta of 1.33, the company has experienced a 52-week share price fluctuation between a low of $4.20 and a high of $27.49. Financial stability indicators show a quick ratio of 1.10 and a current ratio of 1.11, with a debt-to-equity ratio standing at 3.66. The stocks' 50-day and 200-day moving averages were at $11.83 and $9.11, respectively.

Institutional Interest in HomeStreet

Recent movements by large investors reveal a dynamic interest in HomeStreet's shares. Point72 Hong Kong Ltd opened a new position in the company during the second quarter worth around $40,000. Captrust Financial Advisors increased their holdings in HomeStreet by 52.0% in the first quarter, now owning shares valued at $122,000. In a significant hike, PNC Financial Services Group Inc. grew its holdings by 167.2% in the third quarter. Additional stakes were increased by Advisor Group Holdings Inc. and CWM LLC, with institutional investors and hedge funds owning 76.45% of the total stock.

About HomeStreet

HomeStreet, Inc serves as the parent company for HomeStreet Bank, providing a range of banking services like checking and savings accounts, credit cards, insurance, and cash management services, primarily across the Western United States. The organization focuses on meeting both personal and business financial service needs.

HomeStreet, StockNews, Sell