Bank of Montreal Can cut its holdings in HomeStreet Inc (NASDAQ:HMST) by 46.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,080 shares of the financial services provider’s stock after selling 38,042 shares during the period. Bank of Montreal Can owned about 0.16% of HomeStreet worth $1,248,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in HMST. NWQ Investment Management Company LLC grew its holdings in shares of HomeStreet by 32.9% in the third quarter. NWQ Investment Management Company LLC now owns 1,755,458 shares of the financial services provider’s stock valued at $47,397,000 after acquiring an additional 434,465 shares in the last quarter. BlackRock Inc. grew its holdings in shares of HomeStreet by 6.8% in the second quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock valued at $94,035,000 after acquiring an additional 215,443 shares in the last quarter. SG Capital Management LLC bought a new position in shares of HomeStreet in the third quarter valued at approximately $4,220,000. Victory Capital Management Inc. grew its holdings in shares of HomeStreet by 17.0% in the third quarter. Victory Capital Management Inc. now owns 950,244 shares of the financial services provider’s stock valued at $25,657,000 after acquiring an additional 138,154 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of HomeStreet by 43.4% in the third quarter. Boston Partners now owns 386,440 shares of the financial services provider’s stock valued at $10,434,000 after acquiring an additional 116,940 shares in the last quarter. 85.67% of the stock is owned by institutional investors.
In other HomeStreet news, CEO Mark K. Mason sold 6,934 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $29.53, for a total transaction of $204,761.02. Following the completion of the transaction, the chief executive officer now directly owns 131,293 shares of the company’s stock, valued at $3,877,082.29. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Godfrey B. Evans sold 965 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $29.66, for a total value of $28,621.90. Following the transaction, the executive vice president now directly owns 23,783 shares of the company’s stock, valued at $705,403.78. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,415 shares of company stock valued at $248,774. 1.64% of the stock is owned by corporate insiders.
Several equities analysts have recently issued reports on the company. B. Riley reaffirmed a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. BidaskClub raised HomeStreet from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. FBR & Co reaffirmed a “hold” rating and issued a $30.00 target price on shares of HomeStreet in a report on Wednesday, October 25th. Keefe, Bruyette & Woods lowered HomeStreet from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 24th. Finally, DA Davidson upped their target price on HomeStreet to $34.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Seven investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. HomeStreet currently has an average rating of “Hold” and a consensus price target of $30.71.
HomeStreet Inc (NASDAQ HMST) opened at $29.75 on Friday. HomeStreet Inc has a twelve month low of $24.00 and a twelve month high of $32.60. The firm has a market capitalization of $799.93, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 1.22 and a beta of 0.26. The company has a current ratio of 1.05, a quick ratio of 0.93 and a debt-to-equity ratio of 1.57.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, January 22nd. The financial services provider reported $0.42 earnings per share 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 for the quarter, compared to the consensus estimate of $127.13 million. During the same period last year, the company posted $0.09 earnings per share. equities research analysts predict that HomeStreet Inc will post 2.38 EPS for the current year.
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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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