The stock of HomeStreet Inc (NASDAQ:HMST) is a huge mover today! About 113,130 shares traded hands. HomeStreet Inc (NASDAQ:HMST) has risen 36.72% since April 6, 2016 and is uptrending. It has outperformed by 34.76% the S&P500.
The move comes after 6 months negative chart setup for the $695.32 million company. It was reported on Nov, 8 by Barchart.com. We have $24.62 PT which if reached, will make NASDAQ:HMST worth $62.58M less.
HomeStreet Inc (NASDAQ:HMST) Ratings Coverage
Out of 4 analysts covering HomeStreet (NASDAQ:HMST), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. HomeStreet has been the topic of 7 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Monday, July 27 by FBR Capital. Wood maintained it with “Outperform” rating and $28 target price in Thursday, October 1 report. On Tuesday, October 25 the stock rating was maintained by FBR Capital with “Outperform”. The rating was maintained by Macquarie Research on Wednesday, October 28 with “Neutral”.
According to Zacks Investment Research, “HomeStreet, Inc. is a diversified financial services company. The Company is engaged in real estate lending, including mortgage banking activities and retail and business banking operations and serves consumers and businesses in the Pacific Northwest and Hawaii. It offers deposit and investment products and cash management services and single family loans and commercial loans. HomeStreet’s primary subsidiaries are HomeStreet Bank and HomeStreet Capital Corporation. It operates in Washington, Oregon, Idaho and Hawaii. HomeStreet, Inc. is headquartered in Seattle, Washington.”
Insitutional Activity: The institutional sentiment decreased to 1.48 in 2016 Q2. Its down 0.11, from 1.59 in 2016Q1. The ratio dived, as 15 funds sold all HomeStreet Inc shares owned while 27 reduced positions. 23 funds bought stakes while 39 increased positions. They now own 17.51 million shares or 1.13% more from 17.32 million shares in 2016Q1.
Clover Prtn L P, a Texas-based fund reported 337,093 shares. Systematic Fincl Management Lp accumulated 69,820 shares or 0.02% of the stock. Bnp Paribas Arbitrage has 0% invested in the company for 917 shares. Highlander Mngmt Ltd Company has invested 0.13% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Ameriprise Financial holds 608,236 shares or 0.01% of its portfolio. Royal National Bank Of Canada reported 1,144 shares or 0% of all its holdings. Menta Cap Limited Liability Corporation has invested 0.04% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Invesco last reported 0% of its portfolio in the stock. Dimensional Fund Advsr Lp holds 0.01% of its portfolio in HomeStreet Inc (NASDAQ:HMST) for 1.14M shares. First Interstate Commercial Bank last reported 2,170 shares in the company. Coldstream Cap Mngmt last reported 0.05% of its portfolio in the stock. Fj Capital Mngmt Limited Liability Company accumulated 42,000 shares or 0.17% of the stock. Harvest Cap Strategies Limited has invested 0.05% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Blackrock Grp, a United Kingdom-based fund reported 13,659 shares. D E Shaw Co Incorporated last reported 30,144 shares in the company.
Insider Transactions: Since June 1, 2016, the stock had 1 insider buy, and 4 insider sales for $110,970 net activity. $2,274 worth of shares were sold by BENNION RICHARD W H on Thursday, June 16. EDERER DAVID A had bought 302 shares worth $6,946 on Wednesday, August 10. ISEMAN JAY C sold $4,746 worth of HomeStreet Inc (NASDAQ:HMST) on Thursday, June 16. TAYLOR PAMELA J had sold 100 shares worth $1,973.
More important recent HomeStreet Inc (NASDAQ:HMST) news were published by: Businesswire.com which released: “HomeStreet, Inc. Extends Exchange Offer for Its 6.50% Senior Notes Due 2026” on September 28, 2016, also Businesswire.com published article titled: “HomeStreet, Inc. Reports Third Quarter 2016 Results”, Businesswire.com published: “HomeStreet, Inc. Completes Acquisition of Orange County Business Bank” on February 01, 2016. More interesting news about HomeStreet Inc (NASDAQ:HMST) was released by: Businesswire.com and their article: “HomeStreet, Inc. Names Melba Bartels Chief Financial Officer” with publication date: June 09, 2015.
HMST Company Profile
HomeStreet, Inc., incorporated on August 18, 1921, is a financial services firm serving clients primarily in the western United States, including Hawaii. The Firm is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating divisions include Commercial and Consumer Banking, and Mortgage Banking. The Company’s subsidiaries include HomeStreet Bank (the Bank) and HomeStreet Capital Corporation. The Bank is a savings bank that provides mortgage and commercial loans, deposit services and products, non-deposit investment products, private banking and cash management services. Doing business as HomeStreet Insurance Agency, the Company provides insurance services and products for clients and businesses.
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