Mark Robert Patterson Acquires 6,163 Shares of HomeStreet Inc (NASDAQ:HMST) Stock

HomeStreet Inc (NASDAQ:HMST) Director Mark Robert Patterson purchased 6,163 shares of HomeStreet stock in a transaction on Monday, September 14th. The shares were purchased at an average cost of $26.85 per share, with a total value of $165,476.55. Following the transaction, the director now owns 13,676 shares in the company, valued at $367,200.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Mark Robert Patterson also recently made the following trade(s):

  • On Friday, September 11th, Mark Robert Patterson purchased 8,837 shares of HomeStreet stock. The stock was acquired at an average price of $26.85 per share, for a total transaction of $237,273.45.
  • On Friday, July 31st, Mark Robert Patterson acquired 13,000 shares of HomeStreet stock. The shares were purchased at an average price of $25.63 per share, for a total transaction of $333,190.00.

Shares of NASDAQ HMST opened at $27.27 on Wednesday. The firm has a market capitalization of $619.22 million, a P/E ratio of 12.92 and a beta of 1.04. The company has a quick ratio of 0.93, a current ratio of 0.99 and a debt-to-equity ratio of 1.21. The stock’s 50-day simple moving average is $27.31 and its two-hundred day simple moving average is $24.48. HomeStreet Inc has a twelve month low of $18.44 and a twelve month high of $35.44.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.50. HomeStreet had a return on equity of 8.19% and a net margin of 13.45%. The firm had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $76.79 million. As a group, research analysts anticipate that HomeStreet Inc will post 2.67 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Friday, August 7th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Thursday, August 6th. HomeStreet’s dividend payout ratio is presently 35.29%.

Several analysts have recently issued reports on the company. Wedbush assumed coverage on HomeStreet in a report on Wednesday, June 24th. They set a “neutral” rating and a $28.00 target price on the stock. They noted that the move was a valuation call. BidaskClub lowered HomeStreet from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. ValuEngine lowered HomeStreet from a “hold” rating to a “sell” rating in a research note on Tuesday, July 28th. TheStreet upgraded HomeStreet from a “c+” rating to a “b-” rating in a report on Friday, August 14th. Finally, Zacks Investment Research upgraded HomeStreet from a “strong sell” rating to a “hold” rating in a report on Thursday, July 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $29.67.

Several large investors have recently made changes to their positions in HMST. Comerica Bank raised its position in shares of HomeStreet by 14.7% in the 1st quarter. Comerica Bank now owns 26,306 shares of the financial services provider’s stock worth $578,000 after acquiring an additional 3,376 shares in the last quarter. SG Americas Securities LLC increased its position in HomeStreet by 23.1% during the 1st quarter. SG Americas Securities LLC now owns 7,326 shares of the financial services provider’s stock valued at $163,000 after buying an additional 1,376 shares in the last quarter. Aperio Group LLC increased its position in HomeStreet by 83.4% during the 1st quarter. Aperio Group LLC now owns 12,267 shares of the financial services provider’s stock valued at $273,000 after buying an additional 5,577 shares in the last quarter. Rhumbline Advisers boosted its stake in HomeStreet by 3.8% during the 1st quarter. Rhumbline Advisers now owns 85,827 shares of the financial services provider’s stock valued at $1,908,000 after purchasing an additional 3,153 shares during the last quarter. Finally, IndexIQ Advisors LLC purchased a new stake in HomeStreet during the 1st quarter valued at $191,000. 85.29% of the stock is owned by hedge funds and other institutional investors.

HomeStreet Company Profile

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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