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

HomeStreet, Inc. (NASDAQ:HMST) Director Joanne R. Harrell bought 2,146 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was purchased at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the completion of the transaction, the director now owns 17,053 shares of the company’s stock, valued at $198,667.45. This represents a 14.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

HomeStreet Stock Performance

Shares of HMST opened at $11.46 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 3.94. HomeStreet, Inc. has a one year low of $5.99 and a one year high of $16.10. The company’s fifty day moving average price is $13.23 and its 200 day moving average price is $12.72.

Institutional Trading of HomeStreet

Several hedge funds have recently added to or reduced their stakes in the business. EMC Capital Management boosted its position 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 acquiring an additional 1,201 shares during the period. Squarepoint Ops LLC bought a new position in shares of HomeStreet during the 2nd quarter worth about $122,000. Vanguard Personalized Indexing Management LLC raised its position 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 increased its stake in 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 acquiring an additional 1,354 shares during the period. Finally, Barclays PLC raised its holdings in HomeStreet by 276.4% in the 3rd quarter. Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after acquiring an additional 17,578 shares in the last quarter. Institutional investors own 74.71% of the company’s stock.

Wall Street Analyst Weigh In

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

About HomeStreet

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.