KBW Reaffirms Their Buy Rating on HomeStreet

By Jason Carr

In a report released yesterday, Christopher Mcgratty from KBW reiterated a Buy rating on HomeStreet (NASDAQ: HMST), with a price target of $31. The company’s shares opened today at $27.85.

According to TipRanks.com, Mcgratty is a 5-star analyst with an average return of 12.7% and a 69.4% success rate. Mcgratty covers the Financial sector, focusing on stocks such as Univest Corporation Of Pennsylvania, Enterprise Financial Services Corp, and Western New England Bancorp Inc.

HomeStreet has an analyst consensus of Moderate Buy, with a price target consensus of $30.50.

The company has a one year high of $33.70 and a one year low of $18.74. Currently, HomeStreet has an average volume of 234K.

Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2017, Timothy Chrisman, a Director at HMST bought 2,500 shares for a total of $65,875.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

HomeStreet, Inc. engages in commercial lending, commercial and consumer retail banking, and real estate lending. It operates through the Commercial and Consumer Banking, and Mortgage Banking segments. The Commercial and Consumer Banking segment involves organic growth and acquisitions along with improvements in operations and productivity intended to drive cost efficiencies. The Mortgage Banking segment originates and purchases single family mortgage loans for sale in the secondary markets. The company was founded in 1921 and is headquartered in Seattle, WA.