Vanguard Group Inc. Buys 115,204 Shares of HomeStreet, Inc. (HMST)
Vanguard Group Inc. boosted its stake in HomeStreet, Inc. (NASDAQ:HMST) by 8.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,407,312 shares of the financial services provider’s stock after buying an additional 115,204 shares during the quarter. Vanguard Group Inc. owned approximately 5.24% of HomeStreet worth $38,947,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of HomeStreet during the 2nd quarter worth $117,000. State of Alaska Department of Revenue lifted its stake in shares of HomeStreet by 90.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 2,531 shares during the period. First Interstate Bank lifted its stake in shares of HomeStreet by 42.8% during the 2nd quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,675 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of HomeStreet by 90.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 4,040 shares during the period. Finally, Louisiana State Employees Retirement System lifted its stake in shares of HomeStreet by 6.8% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 700 shares during the period. 82.46% of the stock is currently owned by hedge funds and other institutional investors.
HomeStreet, Inc. (HMST) opened at $28.05 on Wednesday. HomeStreet, Inc. has a 52 week low of $24.00 and a 52 week high of $33.70. The firm has a market capitalization of $774.27, a price-to-earnings ratio of 19.73, a price-to-earnings-growth ratio of 1.74 and a beta of 0.20. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 1.88.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, October 23rd. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The business had revenue of $134.72 million for the quarter, compared to analyst estimates of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same period last year, the company posted $1.12 EPS. sell-side analysts expect that HomeStreet, Inc. will post 1.66 earnings per share for the current year.
A number of research analysts have weighed in on HMST shares. Zacks Investment Research lowered HomeStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $31.00 price target on shares of HomeStreet in a research note on Friday, July 14th. BidaskClub lowered 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 set a $26.25 price target (down previously from $29.25) on shares of HomeStreet in a research note on Thursday, July 27th. Finally, ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $29.08.
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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