American International Group Inc. increased its holdings in shares of HomeStreet Inc (NASDAQ:HMST) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,451 shares of the financial services provider’s stock after acquiring an additional 2,043 shares during the quarter. American International Group Inc. owned approximately 0.08% of HomeStreet worth $621,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in HMST. NWQ Investment Management Company LLC raised its stake in HomeStreet by 32.9% during the third quarter. NWQ Investment Management Company LLC now owns 1,755,458 shares of the financial services provider’s stock worth $47,397,000 after acquiring an additional 434,465 shares during the period. BlackRock Inc. raised its stake in HomeStreet by 4.9% during the fourth quarter. BlackRock Inc. now owns 3,461,203 shares of the financial services provider’s stock worth $100,202,000 after acquiring an additional 161,814 shares during the period. SG Capital Management LLC acquired a new stake in HomeStreet during the third quarter worth about $4,220,000. Victory Capital Management Inc. raised its stake in HomeStreet by 17.0% during the third quarter. Victory Capital Management Inc. now owns 950,244 shares of the financial services provider’s stock worth $25,657,000 after acquiring an additional 138,154 shares during the period. Finally, Boston Partners raised its stake in HomeStreet by 43.4% during the third quarter. Boston Partners now owns 386,440 shares of the financial services provider’s stock worth $10,434,000 after acquiring an additional 116,940 shares during the period. Hedge funds and other institutional investors own 79.73% of the company’s stock.
In related news, CEO Mark K. Mason sold 6,934 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $29.53, for a total transaction of $204,761.02. Following the transaction, the chief executive officer now owns 131,293 shares in the company, valued at $3,877,082.29. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Godfrey B. Evans sold 965 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $29.66, for a total transaction of $28,621.90. Following the transaction, the executive vice president now owns 23,783 shares in the company, valued at approximately $705,403.78. The disclosure for this sale can be found here. Insiders sold 8,631 shares of company stock worth $255,146 in the last 90 days. 1.64% of the stock is owned by company insiders.
Shares of HomeStreet Inc (NASDAQ:HMST) opened at $30.75 on Friday. HomeStreet Inc has a 12 month low of $24.00 and a 12 month high of $32.60. The company has a market cap of $843.54, a P/E ratio of 18.30, a price-to-earnings-growth ratio of 1.27 and a beta of 0.28. The company has a quick ratio of 0.93, a current ratio of 1.05 and a debt-to-equity ratio of 1.57.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, January 22nd. The financial services provider reported $0.42 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.02). HomeStreet had a net margin of 12.54% and a return on equity of 7.26%. The firm had revenue of $123.88 million during the quarter, compared to analyst estimates of $127.13 million. During the same quarter in the previous year, the business posted $0.09 EPS. equities research analysts forecast that HomeStreet Inc will post 2.38 EPS for the current fiscal year.
HMST has been the topic of several analyst reports. BidaskClub lowered shares of HomeStreet from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price target on the stock in a research note on Monday, January 1st. Keefe, Bruyette & Woods lowered shares of HomeStreet from an “outperform” rating to a “market perform” rating in a research note on Wednesday, January 24th. DA Davidson raised their price target on shares of HomeStreet to $34.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Finally, B. Riley restated a “hold” rating and issued a $30.00 price target on shares of HomeStreet in a research note on Wednesday, January 24th. Seven analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $30.71.
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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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