Insider Selling: HomeStreet, Inc. (NASDAQ:HMST) EVP Sells $53,545.80 in Stock

HomeStreet, Inc. (NASDAQ:HMST) EVP Godfrey B. Evans sold 4,636 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $11.55, for a total value of $53,545.80. Following the sale, the executive vice president now owns 67,049 shares in the company, valued at $774,415.95. The trade was a 6.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

HomeStreet Stock Performance

NASDAQ:HMST opened at $11.46 on Friday. The business has a 50 day simple moving average of $13.23 and a 200 day simple moving average of $12.72. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet, Inc. has a 12-month low of $5.99 and a 12-month high of $16.10.

Institutional Investors Weigh In On HomeStreet

A number of hedge funds have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC acquired a new stake in shares of HomeStreet in the 2nd quarter worth about $122,000. EMC Capital Management increased its stake in shares of HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,201 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in shares of HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider’s stock valued at $164,000 after buying an additional 2,703 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of HomeStreet by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock valued at $218,000 after buying an additional 1,354 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of HomeStreet by 276.4% during the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock worth $377,000 after buying an additional 17,578 shares during the period. 74.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HMST shares. Janney Montgomery Scott lowered HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Wedbush raised shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Tuesday, November 5th. Finally, StockNews.com assumed coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They issued a “sell” rating on the stock.

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.