DA Davidson downgraded shares of HomeStreet (NASDAQ:HMST) from a neutral rating to an underperform rating in a research report report published on Wednesday, Benzinga reports. The brokerage currently has $29.39 price objective on the financial services provider’s stock.

Several other research firms also recently weighed in on HMST. TheStreet downgraded shares of UDR from a b rating to a c rating in a report on Tuesday, April 30th. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Wednesday, June 26th. FIG Partners restated a market-perform rating on shares of Berkshire Hills Bancorp in a report on Wednesday, May 1st. Zacks Investment Research upgraded shares of HENKEL AG & CO/S from a sell rating to a hold rating in a report on Thursday, June 6th. Finally, Sandler O’Neill upgraded shares of HomeStreet from a hold rating to a buy rating and set a $31.00 price objective on the stock in a report on Friday, April 5th. One analyst has rated the stock with a sell rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $31.88.

HMST opened at $29.30 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.02 and a current ratio of 1.03. The business’s fifty day simple moving average is $29.70. HomeStreet has a 1-year low of $20.50 and a 1-year high of $31.96. The firm has a market capitalization of $790.16 million, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 2.42 and a beta of 0.67.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). HomeStreet had a return on equity of 5.87% and a net margin of 7.02%. The business had revenue of $55.65 million for the quarter, compared to analyst estimates of $102.33 million. During the same quarter in the previous year, the company posted $0.21 EPS. On average, analysts forecast that HomeStreet will post 1.73 earnings per share for the current year.

In related news, EVP Amen Darrell Van acquired 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 12th. The stock was acquired at an average price of $30.75 per share, for a total transaction of $61,500.00. Following the completion of the acquisition, the executive vice president now owns 38,858 shares of the company’s stock, valued at approximately $1,194,883.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandra A. Cavanaugh acquired 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $28.67 per share, with a total value of $143,350.00. Following the acquisition, the director now directly owns 6,107 shares of the company’s stock, valued at approximately $175,087.69. The disclosure for this purchase can be found here. Insiders have purchased 9,000 shares of company stock valued at $261,590 in the last 90 days. 1.64% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cutler Group LP purchased a new stake in HomeStreet during the first quarter worth about $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in HomeStreet by 126.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,569 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 1,437 shares during the period. BNP Paribas Arbitrage SA boosted its position in HomeStreet by 219.3% during the first quarter. BNP Paribas Arbitrage SA now owns 5,189 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 3,564 shares during the period. Municipal Employees Retirement System of Michigan bought a new position in HomeStreet during the fourth quarter worth about $166,000. Finally, Metropolitan Life Insurance Co. NY boosted its position in HomeStreet by 358.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,930 shares of the financial services provider’s stock worth $190,000 after purchasing an additional 6,983 shares during the period. Institutional investors and hedge funds own 81.63% of the company’s stock.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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