Northern Trust Corp increased its stake in shares of HomeStreet Inc (NASDAQ:HMST) by 0.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 496,984 shares of the financial services provider’s stock after buying an additional 2,999 shares during the quarter. Northern Trust Corp owned about 1.84% of HomeStreet worth $14,240,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in HMST. Elkfork Partners LLC purchased a new stake in shares of HomeStreet during the fourth quarter valued at $129,000. Teacher Retirement System of Texas purchased a new stake in HomeStreet in the fourth quarter valued at $256,000. MetLife Investment Advisors LLC purchased a new stake in HomeStreet in the fourth quarter valued at $358,000. The Manufacturers Life Insurance Company boosted its holdings in HomeStreet by 11.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 20,017 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 1,990 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in HomeStreet by 10.5% in the fourth quarter. American International Group Inc. now owns 21,451 shares of the financial services provider’s stock valued at $621,000 after purchasing an additional 2,043 shares during the last quarter. 80.35% of the stock is currently owned by hedge funds and other institutional investors.
In other news, Director Mark Robert Patterson acquired 5,000 shares of the firm’s stock in a transaction on Thursday, April 26th. The stock was acquired at an average price of $25.90 per share, for a total transaction of $129,500.00. Following the completion of the transaction, the director now owns 267 shares in the company, valued at approximately $6,915.30. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP David H. Straus acquired 1,200 shares of the firm’s stock in a transaction on Thursday, April 26th. The stock was purchased at an average price of $25.88 per share, with a total value of $31,056.00. Following the transaction, the executive vice president now owns 213 shares of the company’s stock, valued at approximately $5,512.44. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 6,400 shares of company stock valued at $165,674. Insiders own 1.64% of the company’s stock.
Shares of HomeStreet stock opened at $26.95 on Monday. The stock has a market capitalization of $727.03 million, a price-to-earnings ratio of 16.04, a PEG ratio of 1.61 and a beta of 0.36. HomeStreet Inc has a fifty-two week low of $24.00 and a fifty-two week high of $32.60. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.02 and a quick ratio of 0.92.
HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.20). The firm had revenue of $109.29 million during the quarter, compared to analyst estimates of $116.75 million. HomeStreet had a return on equity of 6.60% and a net margin of 12.13%. During the same quarter last year, the company posted $0.33 EPS. sell-side analysts predict that HomeStreet Inc will post 1.68 earnings per share for the current year.
Several research firms have commented on HMST. ValuEngine lowered shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. BidaskClub lowered shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $29.00 price target on shares of HomeStreet in a report on Wednesday, April 25th. Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a report on Thursday, April 26th. Finally, DA Davidson lowered their price target on shares of HomeStreet to $28.00 and set a “neutral” rating on the stock in a report on Wednesday, April 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. HomeStreet currently has an average rating of “Hold” and an average target price of $30.32.
HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.
Receive News & Ratings for HomeStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet and related companies with MarketBeat.com's FREE daily email newsletter.