BNP Paribas Arbitrage SA Has $365,000 Stake in HomeStreet Inc (HMST)

BNP Paribas Arbitrage SA lifted its stake in shares of HomeStreet Inc (NASDAQ:HMST) by 59.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,515 shares of the financial services provider’s stock after acquiring an additional 5,032 shares during the period. BNP Paribas Arbitrage SA owned 0.05% of HomeStreet worth $365,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bessemer Group Inc. raised its holdings in shares of HomeStreet by 28.3% during the 3rd quarter. Bessemer Group Inc. now owns 44,000 shares of the financial services provider’s stock worth $1,188,000 after acquiring an additional 9,700 shares during the period. Swiss National Bank raised its holdings in shares of HomeStreet by 8.3% during the 3rd quarter. Swiss National Bank now owns 45,900 shares of the financial services provider’s stock worth $1,239,000 after acquiring an additional 3,500 shares during the period. Investment Counselors of Maryland LLC raised its holdings in shares of HomeStreet by 10.0% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 761,642 shares of the financial services provider’s stock worth $20,564,000 after acquiring an additional 69,298 shares during the period. Boston Partners raised its holdings in shares of HomeStreet by 43.4% during the 3rd 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. Finally, Prudential Financial Inc. raised its holdings in shares of HomeStreet by 2.4% during the 3rd quarter. Prudential Financial Inc. now owns 91,850 shares of the financial services provider’s stock worth $2,480,000 after acquiring an additional 2,140 shares during the period. Institutional investors and hedge funds own 85.33% of the company’s stock.

Shares of HomeStreet Inc (HMST) opened at $29.35 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $789.05, a PE ratio of 20.10, a P/E/G ratio of 1.77 and a beta of 0.23. 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, October 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.10. The firm 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 last year, the company earned $1.12 EPS. analysts predict that HomeStreet Inc will post 1.66 earnings per share for the current fiscal year.

HMST has been the topic of several analyst reports. ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. FBR & Co reissued a “hold” rating on shares of HomeStreet in a research report on Tuesday, October 3rd. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, B. Riley reissued a “neutral” rating on shares of HomeStreet in a research report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $29.08.

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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.

Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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