HomeStreet, Inc. (HMST) Position Boosted by Virginia Retirement Systems ET AL
Virginia Retirement Systems ET AL raised its stake in HomeStreet, Inc. (NASDAQ:HMST) by 78.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 62,400 shares of the financial services provider’s stock after buying an additional 27,500 shares during the period. Virginia Retirement Systems ET AL owned approximately 0.23% of HomeStreet worth $1,744,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company purchased a new stake in HomeStreet during the third quarter worth $14,658,000. Dimensional Fund Advisors LP increased its stake in HomeStreet by 28.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,604,114 shares of the financial services provider’s stock worth $50,690,000 after buying an additional 350,645 shares during the period. Renaissance Technologies LLC increased its stake in HomeStreet by 650.5% in the fourth quarter. Renaissance Technologies LLC now owns 303,200 shares of the financial services provider’s stock worth $9,581,000 after buying an additional 262,800 shares during the period. Thompson Siegel & Walmsley LLC increased its stake in HomeStreet by 96.9% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 533,142 shares of the financial services provider’s stock worth $16,847,000 after buying an additional 262,318 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in HomeStreet during the fourth quarter worth $4,106,000. 77.82% of the stock is currently owned by institutional investors.
HomeStreet, Inc. (NASDAQ HMST) traded down 1.41% during mid-day trading on Friday, reaching $27.95. 445,730 shares of the company’s stock were exchanged. HomeStreet, Inc. has a 12 month low of $18.74 and a 12 month high of $33.70. The firm has a market cap of $806.78 million, a price-to-earnings ratio of 11.82 and a beta of 0.05. The stock has a 50-day moving average of $27.33 and a 200-day moving average of $28.07.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, April 24th. The financial services provider reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.08. HomeStreet had a net margin of 10.46% and a return on equity of 10.26%. The business had revenue of $120.11 million during the quarter, compared to analysts’ expectations of $124.18 million. During the same quarter in the previous year, the company earned $0.41 EPS. Analysts anticipate that HomeStreet, Inc. will post $2.16 earnings per share for the current year.
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HMST has been the subject of a number of analyst reports. FIG Partners cut shares of HomeStreet from an “outperform” rating to a “market perform” rating in a research note on Friday, April 28th. Zacks Investment Research upgraded shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 28th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $30.25.
In other news, EVP William Endresen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $27.38, for a total value of $27,380.00. Following the completion of the sale, the executive vice president now directly owns 1,170 shares in the company, valued at approximately $32,034.60. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 7.59% of the company’s stock.
HomeStreet Company Profile
HomeStreet, Inc is a financial services company serving customers primarily in the western United States, including Hawaii. The Company is principally engaged in real estate lending, including mortgage banking activities, and commercial and consumer banking. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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