Schafer Cullen Capital Management Inc. cut its stake in HomeStreet Inc (NASDAQ:HMST) by 19.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,070 shares of the financial services provider’s stock after selling 5,025 shares during the period. Schafer Cullen Capital Management Inc. owned approximately 0.08% of HomeStreet worth $610,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of the business. Swiss National Bank increased its stake 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 purchasing an additional 3,500 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HomeStreet by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,258,773 shares of the financial services provider’s stock worth $60,986,000 after purchasing an additional 44,281 shares in the last quarter. SG Capital Management LLC purchased a new position in shares of HomeStreet during the 3rd quarter worth approximately $4,220,000. NWQ Investment Management Company LLC increased its stake in shares of HomeStreet by 32.9% during the 3rd quarter. NWQ Investment Management Company LLC now owns 1,755,458 shares of the financial services provider’s stock worth $47,397,000 after purchasing an additional 434,465 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of HomeStreet by 13.7% during the 3rd quarter. Nordea Investment Management AB now owns 82,032 shares of the financial services provider’s stock worth $2,215,000 after purchasing an additional 9,878 shares in the last quarter. 79.73% of the stock is owned by institutional investors.
HMST has been the subject of a number of recent research reports. Zacks Investment Research raised shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research note on Monday, January 1st. Keefe, Bruyette & Woods cut 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 objective on shares of HomeStreet to $34.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. BidaskClub raised shares of HomeStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, January 16th. Finally, B. Riley reaffirmed a “hold” rating and issued a $30.00 target price on shares of HomeStreet in a research note on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $30.71.
Shares of HomeStreet stock opened at $30.00 on Thursday. The company has a market cap of $810.80, a P/E ratio of 16.84, a price-to-earnings-growth ratio of 1.26 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 Inc has a 12 month low of $24.00 and a 12 month high of $32.60.
HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, January 22nd. The financial services provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.02). The firm had revenue of $123.88 million during the quarter, compared to analysts’ expectations of $127.13 million. HomeStreet had a return on equity of 7.26% and a net margin of 12.54%. During the same period in the previous year, the firm posted $0.09 earnings per share. equities analysts anticipate that HomeStreet Inc will post 2.38 earnings per share for the current fiscal year.
In other HomeStreet news, CEO Mark K. Mason sold 1,485 shares of HomeStreet stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $30.50, for a total value of $45,292.50. Following the completion of the sale, the chief executive officer now directly owns 140,273 shares of the company’s stock, valued at approximately $4,278,326.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark K. Mason sold 6,934 shares of HomeStreet stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 131,293 shares of the company’s stock, valued at $3,877,082.29. The disclosure for this sale can be found here. Insiders sold a total of 11,842 shares of company stock valued at $353,439 over the last ninety days. 1.64% of the stock is owned by corporate insiders.
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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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