Comerica Bank decreased its position in shares of HomeStreet Inc (NASDAQ:HMST) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,245 shares of the financial services provider’s stock after selling 1,387 shares during the quarter. Comerica Bank owned approximately 0.09% of HomeStreet worth $708,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in HomeStreet by 0.8% during the first quarter. Rhumbline Advisers now owns 77,125 shares of the financial services provider’s stock valued at $2,032,000 after purchasing an additional 646 shares in the last quarter. Texas Permanent School Fund raised its stake in shares of HomeStreet by 3.8% in the first quarter. Texas Permanent School Fund now owns 18,329 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 666 shares during the last quarter. Cutler Group LP purchased a new position in shares of HomeStreet in the first quarter worth about $26,000. Coldstream Capital Management Inc. raised its stake in shares of HomeStreet by 7.2% in the first quarter. Coldstream Capital Management Inc. now owns 16,470 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 1,102 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of HomeStreet by 126.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,569 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 1,437 shares during the last quarter. 89.12% of the stock is currently owned by institutional investors and hedge funds.
HMST has been the topic of several analyst reports. TheStreet lowered HomeStreet from a “b” rating to a “c+” rating in a report on Monday, August 12th. Zacks Investment Research lowered HomeStreet from a “buy” rating to a “hold” rating in a report on Wednesday. DA Davidson raised HomeStreet from an “underperform” rating to a “neutral” rating and set a $27.00 price objective on the stock in a report on Friday, August 16th. Finally, BidaskClub lowered HomeStreet from a “hold” rating to a “sell” rating in a report on Saturday, September 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $31.50.
NASDAQ:HMST traded up $0.30 on Friday, reaching $28.76. The company’s stock had a trading volume of 3,407 shares, compared to its average volume of 176,427. The company has a quick ratio of 0.94, a current ratio of 0.96 and a debt-to-equity ratio of 0.76. The firm has a market cap of $679.47 million, a price-to-earnings ratio of 19.50 and a beta of 0.68. HomeStreet Inc has a 12-month low of $20.50 and a 12-month high of $31.96. The stock has a 50 day moving average price of $27.04 and a 200 day moving average price of $28.04.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.41). HomeStreet had a net margin of 4.74% and a return on equity of 4.74%. The firm had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $65.59 million. During the same quarter in the prior year, the firm posted $0.46 EPS. Equities research analysts expect that HomeStreet Inc will post 1.21 EPS for the current fiscal year.
In other news, EVP Godfrey B. Evans bought 1,000 shares of HomeStreet stock in a transaction dated Thursday, July 25th. The stock was acquired at an average cost of $28.48 per share, with a total value of $28,480.00. Following the acquisition, the executive vice president now owns 46,432 shares of the company’s stock, valued at $1,322,383.36. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.64% of the company’s stock.
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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