KBW Has Just Reaffirmed $29.0 Target Price Per Share on HomeStreet (NASDAQ:HMST) stock, While They’ve Also Reiterated Their Buy Rating

September 17, 2017 - By Adrian Mccoy

 KBW Has Just Reaffirmed $29.0 Target Price Per Share on HomeStreet (NASDAQ:HMST) stock, While They’ve Also Reiterated Their Buy Rating

Investors sentiment increased to 2.41 in 2016 Q4. Its up 0.55, from 1.86 in 2016Q3. It is positive, as 14 investors sold HomeStreet Inc shares while 35 reduced holdings. 58 funds opened positions while 60 raised stakes. 22.51 million shares or 22.72% more from 18.34 million shares in 2016Q3 were reported.

Convergence Invest Prtn Ltd owns 51,913 shares. Eqis Capital Inc owns 0.05% invested in HomeStreet Inc (NASDAQ:HMST) for 23,587 shares. Pacific Ridge Ptnrs Llc invested 0.32% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Sei Invs Commerce has invested 0% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Blackrock Group Inc Limited holds 0% in HomeStreet Inc (NASDAQ:HMST) or 69,515 shares. Nationwide Fund Advsrs invested in 177,506 shares or 0.02% of the stock. Blackrock Japan holds 0% of its portfolio in HomeStreet Inc (NASDAQ:HMST) for 841 shares. 42,841 are held by Fisher Asset Lc. Stifel Fincl Corporation invested 0.01% in HomeStreet Inc (NASDAQ:HMST). Thrivent Financial For Lutherans holds 43,660 shares or 0.01% of its portfolio. Jpmorgan Chase And holds 0.01% or 918,489 shares in its portfolio. Systematic Management L P holds 0.03% or 55,330 shares. 112,396 are held by Invesco Ltd. Eam Ltd Llc stated it has 0.65% in HomeStreet Inc (NASDAQ:HMST). Great West Life Assurance Can invested in 30,700 shares.

Since May 2, 2017, it had 2 insider purchases, and 4 insider sales for $11,887 activity. BENNION RICHARD W H had sold 103 shares worth $2,781. Another trade for 1,000 shares valued at $27,375 was sold by Endresen William. The insider STRAUS DAVID H bought 1,000 shares worth $25,525. $25,590 worth of HomeStreet Inc (NASDAQ:HMST) was bought by Ruh Mark R. $6,227 worth of HomeStreet Inc (NASDAQ:HMST) was sold by ISEMAN JAY C on Thursday, June 1.

HomeStreet (NASDAQ:HMST) Rating Reaffirmed

KBW now has a $29.0 target price on the $674.79M market cap company or 15.54 % upside potential. In a report shared with investors and clients on Monday, 11 September, HomeStreet (NASDAQ:HMST) shares have had their Buy Rating restate by professional analysts at KBW.

Investors sentiment increased to 2.41 in 2016 Q4. Its up 0.55, from 1.86 in 2016Q3. It is positive, as 14 investors sold HomeStreet Inc shares while 35 reduced holdings. 58 funds opened positions while 60 raised stakes. 22.51 million shares or 22.72% more from 18.34 million shares in 2016Q3 were reported.

Convergence Invest Prtn Ltd owns 51,913 shares. Eqis Capital Inc owns 0.05% invested in HomeStreet Inc (NASDAQ:HMST) for 23,587 shares. Pacific Ridge Ptnrs Llc invested 0.32% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Sei Invs Commerce has invested 0% of its portfolio in HomeStreet Inc (NASDAQ:HMST). Blackrock Group Inc Limited holds 0% in HomeStreet Inc (NASDAQ:HMST) or 69,515 shares. Nationwide Fund Advsrs invested in 177,506 shares or 0.02% of the stock. Blackrock Japan holds 0% of its portfolio in HomeStreet Inc (NASDAQ:HMST) for 841 shares. 42,841 are held by Fisher Asset Lc. Stifel Fincl Corporation invested 0.01% in HomeStreet Inc (NASDAQ:HMST). Thrivent Financial For Lutherans holds 43,660 shares or 0.01% of its portfolio. Jpmorgan Chase And holds 0.01% or 918,489 shares in its portfolio. Systematic Management L P holds 0.03% or 55,330 shares. 112,396 are held by Invesco Ltd. Eam Ltd Llc stated it has 0.65% in HomeStreet Inc (NASDAQ:HMST). Great West Life Assurance Can invested in 30,700 shares.

Since May 2, 2017, it had 2 insider purchases, and 4 insider sales for $11,887 activity. BENNION RICHARD W H had sold 103 shares worth $2,781. Another trade for 1,000 shares valued at $27,375 was sold by Endresen William. The insider STRAUS DAVID H bought 1,000 shares worth $25,525. $25,590 worth of HomeStreet Inc (NASDAQ:HMST) was bought by Ruh Mark R. $6,227 worth of HomeStreet Inc (NASDAQ:HMST) was sold by ISEMAN JAY C on Thursday, June 1.

HomeStreet Inc (NASDAQ:HMST) Ratings Coverage

Among 5 analysts covering HomeStreet (NASDAQ:HMST), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. HomeStreet has $33 highest and $25 lowest target. $28’s average target is 11.55% above currents $25.1 stock price. HomeStreet had 12 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, October 1 by Wood. The firm has “Mkt Perform” rating given on Tuesday, December 20 by FBR Capital. The stock has “Outperform” rating by FBR Capital on Monday, July 27. The company was maintained on Wednesday, October 28 by Macquarie Research. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, June 1. The firm earned “Hold” rating on Monday, November 14 by Sandler O’Neill. As per Tuesday, October 25, the company rating was maintained by FBR Capital. The stock of HomeStreet Inc (NASDAQ:HMST) earned “Mkt Perform” rating by FBR Capital on Thursday, January 26. As per Monday, September 11, the company rating was maintained by Keefe Bruyette & Woods.

The stock decreased 1.18% or $0.3 on September 15, reaching $25.1. About 734,390 shares traded or 274.64% up from the average. HomeStreet Inc (NASDAQ:HMST) has risen 34.55% since September 17, 2016 and is uptrending. It has outperformed by 17.85% the S&P500.

Investors wait HomeStreet Inc (NASDAQ:HMST) to report on October, 23. its quarterly earnings Wall Street analysts expect $0.44 earnings per share, down $0.68 or 60.71 % from last year’s $1.12 same quarter earnings. This translates into $11.83M profit for HMST giving the stock a 14.26 P/E. This is assuming the current $0.44 EPS is accurate. HomeStreet Inc’s Wall Street analysts see 4.76 % EPS growth, taking into account the $0.42 EPS reproted in the previous quarter,

HomeStreet, Inc. is a financial services firm serving clients primarily in the western United States, including Hawaii. The company has market cap of $674.79 million. The Firm is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. It has a 12.91 P/E ratio. The Company’s operating divisions include Commercial and Consumer Banking, and Mortgage Banking.

More notable recent HomeStreet Inc (NASDAQ:HMST) news were published by: Businesswire.com which released: “HomeStreet, Inc. Reports Second Quarter 2017 Results” on July 24, 2017, also Businesswire.com with their article: “HomeStreet, Inc. Names Mark Ruh as Chief Financial Officer” published on September 12, 2017, Reuters.com published: “BRIEF-Homestreet Inc names Mark Ruh as chief financial officer” on September 12, 2017. More interesting news about HomeStreet Inc (NASDAQ:HMST) were released by: Prnewswire.com and their article: “Miss HomeStreet Hydroplane Wins 2017 Seafair Cup in Seattle” published on August 07, 2017 as well as Businesswire.com‘s news article titled: “HomeStreet, Inc. Announces Appointment of Interim Chief Financial Officer” with publication date: April 05, 2017.

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