Prudential Financial Inc. increased its stake in HomeStreet, Inc. (NASDAQ:HMST) by 2.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,850 shares of the financial services provider’s stock after acquiring an additional 2,140 shares during the quarter. Prudential Financial Inc. owned about 0.34% of HomeStreet worth $2,480,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Comerica Bank lifted its stake in shares of HomeStreet by 2.1% in the second quarter. Comerica Bank now owns 28,709 shares of the financial services provider’s stock worth $795,000 after acquiring an additional 590 shares during the period. Louisiana State Employees Retirement System lifted its stake in shares of HomeStreet by 6.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the financial services provider’s stock worth $304,000 after acquiring an additional 700 shares during the period. Arizona State Retirement System lifted its stake in shares of HomeStreet by 7.6% in the second quarter. Arizona State Retirement System now owns 14,122 shares of the financial services provider’s stock worth $391,000 after acquiring an additional 1,000 shares during the period. California State Teachers Retirement System lifted its stake in shares of HomeStreet by 2.2% in the second quarter. California State Teachers Retirement System now owns 51,359 shares of the financial services provider’s stock worth $1,421,000 after acquiring an additional 1,100 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of HomeStreet by 2.7% in the second quarter. California Public Employees Retirement System now owns 45,200 shares of the financial services provider’s stock worth $1,251,000 after acquiring an additional 1,200 shares during the period. 85.33% of the stock is currently owned by institutional investors.

A number of equities analysts recently commented on HMST shares. FBR & Co reaffirmed a “hold” rating and issued a $30.00 price objective on shares of HomeStreet in a research note on Wednesday, October 25th. Zacks Investment Research upgraded HomeStreet from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. BidaskClub downgraded HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, B. Riley reiterated a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $29.08.

Shares of HomeStreet, Inc. (HMST) opened at $30.75 on Tuesday. The firm has a market capitalization of $819.97, a P/E ratio of 20.89, a price-to-earnings-growth ratio of 1.84 and a beta of 0.23. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 0.19. HomeStreet, Inc. has a 1-year low of $24.00 and a 1-year high of $33.70.

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 Zacks’ consensus estimate of $0.41 by $0.10. The business had revenue of $134.72 million during the quarter, compared to the consensus estimate of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same period in the previous year, the company posted $1.12 earnings per share. equities analysts anticipate that HomeStreet, Inc. will post 1.66 EPS for the current year.

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HomeStreet 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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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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