The stock of HomeStreet Inc (NASDAQ:HMST) is a huge mover today! About 202,718 shares traded hands or 1.29% up from the average. HomeStreet Inc (NASDAQ:HMST) has risen 24.65% since April 14, 2016 and is uptrending. It has outperformed by 19.97% the S&P500.
The move comes after 7 months positive chart setup for the $680.26M company. It was reported on Nov, 16 by Barchart.com. We have $45.84 PT which if reached, will make NASDAQ:HMST worth $435.37M more.
HomeStreet Inc (NASDAQ:HMST) Ratings Coverage
Out of 5 analysts covering HomeStreet (NASDAQ:HMST), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. HomeStreet has been the topic of 8 analyst reports since July 27, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by FBR Capital on Tuesday, October 25. The rating was maintained by Wood with “Outperform” on Thursday, October 1. The firm has “Hold” rating given on Monday, November 14 by Sandler O’Neill. FBR Capital maintained the stock with “Outperform” rating in Monday, July 27 report. The firm has “Neutral” rating given on Wednesday, October 28 by Macquarie Research.
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 is negative, 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.
Prudential Financial last reported 49,900 shares in the company. Brandywine Ltd Liability Company holds 520,417 shares or 0.07% of its portfolio. New Amsterdam Lc New York has invested 1.03% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Foundry Prtn Ltd Liability Corp, a Minnesota-based fund reported 146,505 shares. Spark Inv Management accumulated 55,000 shares or 0.1% of the stock. Bank & Trust Of America De holds 0% or 134,075 shares in its portfolio. Dimensional Fund Advsrs Ltd Partnership last reported 1.14 million shares in the company. Rmb Mgmt Ltd holds 0.03% or 27,797 shares in its portfolio. Geode Cap Mngmt Ltd Liability Co last reported 0% of its portfolio in the stock. Parametric Ltd Liability holds 45,778 shares or 0% of its portfolio. Nationwide Fund Advsrs accumulated 159,125 shares or 0.01% of the stock. First Interstate Comml Bank owns 2,170 shares or 0.01% of their US portfolio. The Massachusetts-based Wellington Management Gru Llp has invested 0.01% in HomeStreet Inc (NASDAQ:HMST). Kennedy Capital Management has 447,599 shares for 0.18% of their US portfolio. Blackrock Fund Advsrs has 0% invested in the company for 607,603 shares.
Insider Transactions: Since June 1, 2016, the stock had 1 insider purchase, and 4 selling transactions for $110,970 net activity. ISEMAN JAY C also sold $4,746 worth of HomeStreet Inc (NASDAQ:HMST) on Thursday, June 16. BENNION RICHARD W H also sold $2,274 worth of HomeStreet Inc (NASDAQ:HMST) shares. On Thursday, June 16 TAYLOR PAMELA J sold $1,973 worth of the stock or 100 shares. $6,946 worth of HomeStreet Inc (NASDAQ:HMST) was bought by EDERER DAVID A on Wednesday, August 10.
More 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 the news titled: “HomeStreet, Inc. Reports Third Quarter 2016 Results” on October 24, 2016. Businesswire.com‘s news article titled: “HomeStreet, Inc. Completes Acquisition of Orange County Business Bank” with publication date: February 01, 2016 was also an interesting one.
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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