Russell Investments Group Ltd. lowered its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 94.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,600 shares of the financial services provider’s stock after selling 122,565 shares during the period. Russell Investments Group Ltd.’s holdings in HomeStreet were worth $212,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HMST. Dimensional Fund Advisors LP raised its stake in shares of 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 valued at $50,690,000 after buying an additional 350,645 shares in the last quarter. State Street Corp raised its stake in shares of HomeStreet by 30.6% in the fourth quarter. State Street Corp now owns 483,782 shares of the financial services provider’s stock valued at $15,285,000 after buying an additional 113,477 shares in the last quarter. Northpointe Capital LLC raised its stake in shares of HomeStreet by 0.4% in the first quarter. Northpointe Capital LLC now owns 433,366 shares of the financial services provider’s stock valued at $12,113,000 after buying an additional 1,714 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of HomeStreet by 650.5% in the fourth quarter. Renaissance Technologies LLC now owns 303,200 shares of the financial services provider’s stock valued at $9,581,000 after buying an additional 262,800 shares in the last quarter. Finally, Strs Ohio raised its stake in shares of HomeStreet by 25.0% in the first quarter. Strs Ohio now owns 175,000 shares of the financial services provider’s stock valued at $4,891,000 after buying an additional 35,000 shares in the last quarter. 82.90% of the stock is currently owned by institutional investors.
Shares of HomeStreet, Inc. (NASDAQ:HMST) traded down 0.39% during trading on Tuesday, reaching $25.80. 155,265 shares of the company traded hands. HomeStreet, Inc. has a 52 week low of $22.52 and a 52 week high of $33.70. The company’s 50-day moving average price is $27.39 and its 200-day moving average price is $27.11. The company has a market capitalization of $693.35 million, a P/E ratio of 13.41 and a beta of 0.05.
HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.18. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. The business had revenue of $127.88 million during the quarter, compared to the consensus estimate of $143.41 million. During the same quarter last year, the company earned $0.90 EPS. Equities research analysts forecast that HomeStreet, Inc. will post $1.56 EPS for the current fiscal year.
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HMST has been the topic of several research reports. FIG Partners lowered shares of HomeStreet from an “outperform” rating to a “market perform” rating in a research report on Friday, April 28th. BidaskClub lowered shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 29th. ValuEngine lowered shares of HomeStreet from a “buy” rating to a “hold” rating in a research report 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 report on Friday, July 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. HomeStreet has a consensus rating of “Hold” and an average target price of $29.45.
In other HomeStreet news, EVP William Endresen sold 1,000 shares of the firm’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 transaction of $27,380.00. Following the sale, the executive vice president now owns 1,170 shares in the company, valued at approximately $32,034.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.59% of the stock is owned by corporate insiders.
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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