Nuveen Asset Management LLC reduced its position in HomeStreet Inc (NASDAQ:HMST) by 5.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,888 shares of the financial services provider’s stock after selling 7,501 shares during the period. Nuveen Asset Management LLC owned about 0.57% of HomeStreet worth $2,954,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently bought and sold shares of HMST. PNC Financial Services Group Inc. lifted its stake in shares of HomeStreet by 33.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,350 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 335 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of HomeStreet in the 4th quarter valued at $60,000. Nisa Investment Advisors LLC acquired a new position in shares of HomeStreet in the 1st quarter valued at $65,000. SG Americas Securities LLC lifted its stake in shares of HomeStreet by 23.1% in the 1st quarter. SG Americas Securities LLC now owns 7,326 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 1,376 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in shares of HomeStreet in the 4th quarter valued at $189,000. Hedge funds and other institutional investors own 84.73% of the company’s stock.
HomeStreet stock opened at $24.61 on Wednesday. HomeStreet Inc has a 52-week low of $18.44 and a 52-week high of $35.44. The firm has a market capitalization of $531.79 million, a price-to-earnings ratio of 22.79 and a beta of 1.01. The company has a fifty day simple moving average of $23.47 and a 200-day simple moving average of $27.01. The company has a quick ratio of 0.96, a current ratio of 0.98 and a debt-to-equity ratio of 1.01.
A number of research firms have weighed in on HMST. Wedbush began coverage on shares of HomeStreet in a research report on Wednesday, June 24th. They set a “neutral” rating and a $28.00 price objective for the company. They noted that the move was a valuation call. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Thursday, June 25th. Zacks Investment Research upgraded shares of HomeStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, June 16th. B. Riley reduced their price objective on shares of HomeStreet from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. Finally, DA Davidson upgraded shares of HomeStreet from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $29.00 to $27.00 in a research report on Monday, March 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.67.
In related news, EVP Godfrey B. Evans sold 2,321 shares of the company’s stock in a transaction dated Friday, June 5th. The shares were sold at an average price of $26.66, for a total value of $61,877.86. Following the completion of the sale, the executive vice president now owns 46,127 shares of the company’s stock, valued at $1,229,745.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark Robert Patterson acquired 2,252 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The stock was purchased at an average cost of $22.96 per share, with a total value of $51,705.92. Following the acquisition, the director now directly owns 8,253 shares of the company’s stock, valued at approximately $189,488.88. The disclosure for this purchase can be found here. Corporate insiders own 3.62% of the company’s stock.
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
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