While HomeStreet Inc has underperformed by -1.49%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, HMST rose by 159.18%, with highs and lows ranging from $16.10 to $4.20, whereas the simple moving average jumped by 15.98% in the last 200 days.
On June 20, 2024, Janney Upgraded HomeStreet Inc (NASDAQ: HMST) to Buy. A report published by Wedbush on April 26, 2023, Downgraded its rating to ‘Neutral’ for HMST. Piper Sandler also Upgraded HMST shares as ‘Neutral’, setting a target price of $28 on the company’s shares in a report dated February 01, 2023. Keefe Bruyette January 31, 2023d the rating to Mkt Perform on January 31, 2023, and set its price target from $38 to $29. B. Riley Securities June 14, 2022d its ‘Buy’ rating to ‘Neutral’ for HMST, as published in its report on June 14, 2022. Piper Sandler’s report from May 05, 2022 suggests a price prediction of $40 for HMST shares, giving the stock a ‘Underweight’ rating. Wedbush also rated the stock as ‘Outperform’.
Analysis of HomeStreet Inc (HMST)
HMST currently pays a dividend of $0.10 per share, which means investors will get a return regardless of the company’s performance over the next few months. Further, the quarter-over-quarter increase in sales is 2.71%, showing a positive trend in the upcoming months.
In order to gain a clear picture of HomeStreet Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -2.84% is sufficient for you to turn a profit off your investment.
An average volume of 91.31K can be a very valuable indicator of volatility for HMST stock. On a monthly basis, the volatility of the stock is set at 3.00%, whereas on a weekly basis, it is put at 2.58%, with a gain of 0.99% over the past seven days. Furthermore, long-term investors anticipate a median target price of $15.75, showing growth from the present price of $15.24, which can serve as yet another indication of whether HMST is worth investing in or should be passed over.
How Do You Analyze HomeStreet Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 6.14%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 76.81% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
HMST shares are owned by institutional investors to the tune of 76.81% at present.
