Cornerstone Capital Management Holdings LLC. Has $2.70 Million Position in HomeStreet, Inc. (HMST)

Cornerstone Capital Management Holdings LLC. decreased its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 61.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 97,648 shares of the financial services provider’s stock after selling 158,000 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.36% of HomeStreet worth $2,702,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank lifted its position in HomeStreet by 4.2% during the first quarter. Swiss National Bank now owns 34,900 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 1,400 shares during the last quarter. Comerica Bank lifted its position in HomeStreet by 13.3% during the first quarter. Comerica Bank now owns 28,119 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 3,291 shares during the last quarter. State of Tennessee Treasury Department lifted its position in HomeStreet by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 21,812 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 3,292 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in HomeStreet by 90.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 4,040 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in HomeStreet by 2.1% during the second quarter. Virginia Retirement Systems ET AL now owns 63,700 shares of the financial services provider’s stock valued at $1,763,000 after acquiring an additional 1,300 shares during the last quarter. 83.89% of the stock is owned by institutional investors.

WARNING: “Cornerstone Capital Management Holdings LLC. Has $2.70 Million Position in HomeStreet, Inc. (HMST)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/17/cornerstone-capital-management-holdings-llc-has-2-70-million-position-in-homestreet-inc-hmst.html.

A number of equities research analysts recently commented on the stock. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $31.00 target price on shares of HomeStreet in a research report on Friday, July 14th. ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. FBR & Co restated a “hold” rating on shares of HomeStreet in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.08.

HomeStreet, Inc. (NASDAQ HMST) opened at 28.75 on Tuesday. The firm has a market cap of $772.92 million, a price-to-earnings ratio of 14.94 and a beta of 0.06. The firm’s 50-day moving average is $26.31 and its 200-day moving average is $26.76. HomeStreet, Inc. has a 52 week low of $24.00 and a 52 week high of $33.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank lifted its position in HomeStreet by 4.2% during the first quarter. Swiss National Bank now owns 34,900 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 1,400 shares during the last quarter. Comerica Bank lifted its position in HomeStreet by 13.3% during the first quarter. Comerica Bank now owns 28,119 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 3,291 shares during the last quarter. State of Tennessee Treasury Department lifted its position in HomeStreet by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 21,812 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 3,292 shares during the last quarter. BNP Paribas Arbitrage SA lifted its position in HomeStreet by 90.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock valued at $235,000 after acquiring an additional 4,040 shares during the last quarter. Finally, Virginia Retirement Systems ET AL lifted its position in HomeStreet by 2.1% during the second quarter. Virginia Retirement Systems ET AL now owns 63,700 shares of the financial services provider’s stock valued at $1,763,000 after acquiring an additional 1,300 shares during the last quarter. 83.89% of the stock is owned by institutional investors.

WARNING: “Cornerstone Capital Management Holdings LLC. Has $2.70 Million Position in HomeStreet, Inc. (HMST)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/10/17/cornerstone-capital-management-holdings-llc-has-2-70-million-position-in-homestreet-inc-hmst.html.

A number of equities research analysts recently commented on the stock. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $31.00 target price on shares of HomeStreet in a research report on Friday, July 14th. ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. FBR & Co restated a “hold” rating on shares of HomeStreet in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research upgraded shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.08.

HomeStreet, Inc. (NASDAQ HMST) opened at 28.75 on Tuesday. The firm has a market cap of $772.92 million, a price-to-earnings ratio of 14.94 and a beta of 0.06. The firm’s 50-day moving average is $26.31 and its 200-day moving average is $26.76. HomeStreet, Inc. has a 52 week low of $24.00 and a 52 week high of $33.70.

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 consensus estimate of $0.60 by ($0.18). The company had revenue of $127.88 million for the quarter, compared to analysts’ expectations of $143.41 million. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. During the same quarter in the prior year, the firm posted $0.90 EPS. On average, equities analysts anticipate that HomeStreet, Inc. will post $1.58 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.

Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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