Credit Suisse AG Sells 11,696 Shares of HomeStreet, Inc. (HMST)
Credit Suisse AG reduced its position in HomeStreet, Inc. (NASDAQ:HMST) by 36.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 20,775 shares of the financial services provider’s stock after selling 11,696 shares during the period. Credit Suisse AG owned approximately 0.07% of HomeStreet worth $580,000 as of its most recent filing with the SEC.
Other institutional investors have also recently modified their holdings of the company. First Interstate Bank boosted its stake in shares of HomeStreet by 80.4% in the first quarter. First Interstate Bank now owns 3,915 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,745 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of HomeStreet by 15.5% in the first quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock valued at $165,000 after buying an additional 789 shares during the last quarter. Airain ltd bought a new stake in shares of HomeStreet during the first quarter valued at $211,000. Louisiana State Employees Retirement System boosted its stake in shares of HomeStreet by 9.6% in the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock valued at $288,000 after buying an additional 900 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in shares of HomeStreet during the first quarter valued at $293,000. 83.91% of the stock is owned by institutional investors and hedge funds.
Shares of HomeStreet, Inc. (HMST) traded down 0.893% during midday trading on Wednesday, hitting $24.975. The company had a trading volume of 61,364 shares. HomeStreet, Inc. has a 52 week low of $24.00 and a 52 week high of $33.70. The firm’s 50 day moving average is $26.20 and its 200 day moving average is $26.85. The company has a market capitalization of $671.43 million, a P/E ratio of 12.981 and a beta of 0.05.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by $0.18. The company had revenue of $127.88 million for the quarter, compared to analysts’ expectations of $143.41 million. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. During the same period last year, the business posted $0.90 earnings per share. Equities research analysts anticipate that HomeStreet, Inc. will post $1.56 EPS for the current year.
Several equities research analysts have recently weighed in on HMST shares. BidaskClub cut HomeStreet from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. FIG Partners reissued a “market perform” rating and issued a $26.25 price target (down previously from $29.25) on shares of HomeStreet in a research note on Thursday, July 27th. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine cut HomeStreet from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $31.00 price target on shares of HomeStreet in a research note on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.45.
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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