Context BH Capital Management LP Buys 33,310 Shares of HomeStreet, Inc. (HMST)
Context BH Capital Management LP boosted its stake in HomeStreet, Inc. (NASDAQ:HMST) by 24.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 168,667 shares of the financial services provider’s stock after acquiring an additional 33,310 shares during the period. HomeStreet accounts for about 1.6% of Context BH Capital Management LP’s holdings, making the stock its 19th biggest position. Context BH Capital Management LP owned approximately 0.63% of HomeStreet worth $4,668,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently modified their holdings of the company. First Interstate Bank increased its position in HomeStreet by 80.4% in the 1st quarter. First Interstate Bank now owns 3,915 shares of the financial services provider’s stock valued at $109,000 after acquiring an additional 1,745 shares during the period. SG Americas Securities LLC acquired a new position in HomeStreet in the 2nd quarter valued at about $117,000. State of Alaska Department of Revenue increased its position in HomeStreet by 90.7% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock valued at $147,000 after acquiring an additional 2,531 shares during the period. Mason Street Advisors LLC increased its position in HomeStreet by 15.5% in the 1st quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock valued at $165,000 after acquiring an additional 789 shares during the period. Finally, Airain ltd acquired a new position in HomeStreet in the 1st quarter valued at about $211,000. Hedge funds and other institutional investors own 83.89% of the company’s stock.
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Several equities analysts recently issued reports on the company. BidaskClub cut HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. ValuEngine cut HomeStreet from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. FIG Partners restated a “market perform” rating and issued a $26.25 price target (down previously from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $31.00 price target on shares of HomeStreet in a research report on Friday, July 14th. Finally, Zacks Investment Research cut HomeStreet from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $29.56.
Shares of HomeStreet, Inc. (NASDAQ:HMST) traded up 1.00% during midday trading on Monday, reaching $25.35. The company’s stock had a trading volume of 142,117 shares. The stock has a 50 day moving average of $25.29 and a 200-day moving average of $26.69. HomeStreet, Inc. has a 1-year low of $24.00 and a 1-year high of $33.70. The company has a market capitalization of $681.51 million, a P/E ratio of 13.18 and a beta of 0.07.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.18). The business had revenue of $127.88 million for the quarter, compared to analyst estimates of $143.41 million. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. During the same quarter last year, the company earned $0.90 EPS. On average, equities research analysts anticipate that HomeStreet, Inc. will post $1.56 earnings per share for the current year.
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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