Stock Analysis:Homestreet Inc (NASDAQ:HMST) Stock Target Raised
In analysts note published by KBW on 18 December, Homestreet Inc (NASDAQ:HMST) had its price target increased to $28.00. The firm presently has a solid “Outperform” rating on shares.
From a total of 6 analysts covering HomeStreet (NASDAQ:HMST) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $29 while the lowest target price is $23. The mean of all analyst targets is $26.33 with a 16.68% above today’s ($23.14) stock price. HomeStreet was the topic of 5 analyst reports since July 27, 2015 according to the firm StockzIntelligence Inc. Macquarie Research maintained shares on October 28 with “Neutral” rating.
The stock decreased 0.98% or $0.23 during the last trading session, striking $23.14. Approximately 215,166 shares of stock traded hands or 99.50% up from the average. HomeStreet Inc (NASDAQ:HMST) has risen 9.26% since May 15, 2015 and is uptrending. It has outperformed by 13.06% the S&P500.
The overall sentiment of institutions has decreased to 1.1 in Q2 2015. Its down 0.43, from 1.53 in 2015Q2. The ratio dived, as 16 institutions have sold all the shares of HomeStreet Inc that they owned while 35 funds have taken shares off the table. 16 funds have purchased shares for the first time while 40 added to their positions. These institutions now hold 24.35 million shares or 65.70% more than the 14.70 million shares they owned in 2015Q2.
The Fund Consector Capital Lp currently is holding shares equating to 3.51% of its total portfolio in HomeStreet Inc representing a total of 132,254 shares. Another fund,Clover Partners L.P., is holding a total of 201,890 shares equating to 2.27% of their holdings. Additionally, Northpointe Capital Llc has a 532,401 share stake in HomeStreet Inc which represents 1.6% of their total portfolio. The Fund, Schneider Capital Management Corp, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 1.31% of their total portfolio. Finally Fsi Group Llc, a fund which is based in the state of Ohio reported a total holdings of 100,000 shares.
Insider activity is a very important aspect to track on any stock. Going back to June 9, 2015, shareholders of HomeStreet Inc have witnessed 0 buys, and a total of 1 sale equating to a net activity of approximately $109,000 . Bennion Richard W H sold 5,000 shares worth approximately $109,000. Greenwald Susan C sold 13,000 shares worth approximately $313,876. Williams Bruce W sold 20,000 shares worth approximately $461,726. Iseman Jay C sold 816 shares worth approximately $18,809.
HomeStreet, Inc. is a financial services company. The company has a market cap of $515.93 million. The Firm is engaged in real estate lending. It has 11.74 P/E ratio. The Firm operates in two divisions: Commercial and Consumer Banking, and Mortgage Banking.
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.”