Sidney Craig Tompkins Buys 5,000 Shares of HomeStreet, Inc. (NASDAQ:HMST) Stock

HomeStreet, Inc. (NASDAQ:HMST) Director Sidney Craig Tompkins bought 5,000 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were acquired at an average cost of $11.49 per share, for a total transaction of $57,450.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at approximately $57,450. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.

HomeStreet Stock Performance

NASDAQ HMST traded down $0.71 on Wednesday, reaching $10.81. The stock had a trading volume of 232,329 shares, compared to its average volume of 195,188. The stock has a market cap of $203.85 million, a P/E ratio of -8.32 and a beta of 1.49. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The business’s 50-day moving average price is $12.18 and its 200 day moving average price is $12.93. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15.

Wall Street Analyst Weigh In

A number of research firms have weighed in on HMST. Wedbush raised shares of HomeStreet from a “neutral” rating to an “outperform” rating and set a $12.00 price objective on the stock in a report on Tuesday, November 5th. Janney Montgomery Scott lowered shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, StockNews.com initiated coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They issued a “sell” rating for the company.

Hedge Funds Weigh In On HomeStreet

Institutional investors have recently modified their holdings of the business. Wellington Management Group LLP boosted its stake in HomeStreet by 494.0% during the 3rd quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock worth $10,574,000 after purchasing an additional 557,977 shares during the period. Endeavour Capital Advisors Inc. grew its position in HomeStreet by 113.6% in the 2nd quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider’s stock valued at $8,051,000 after buying an additional 375,581 shares during the last quarter. Stieven Capital Advisors L.P. acquired a new position in HomeStreet in the 3rd quarter valued at $5,358,000. Hotchkis & Wiley Capital Management LLC purchased a new position in HomeStreet during the 3rd quarter worth $2,633,000. Finally, Philadelphia Financial Management of San Francisco LLC lifted its stake in shares of HomeStreet by 4.6% in the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider’s stock worth $24,624,000 after acquiring an additional 68,855 shares during the period. 74.71% of the stock is owned by institutional investors and hedge funds.

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.