Virginia Retirement Systems ET AL trimmed its stake in HomeStreet, Inc. (NASDAQ:HMST) by 11.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 56,300 shares of the financial services provider’s stock after selling 7,400 shares during the quarter. Virginia Retirement Systems ET AL owned approximately 0.21% of HomeStreet worth $1,520,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HMST. SG Americas Securities LLC bought a new position in shares of HomeStreet during the 2nd quarter worth approximately $117,000. State of Alaska Department of Revenue boosted its stake in shares of HomeStreet by 90.7% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock worth $147,000 after acquiring an additional 2,531 shares during the period. First Interstate Bank boosted its stake in shares of HomeStreet by 42.8% during the 2nd quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock worth $155,000 after acquiring an additional 1,675 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of HomeStreet by 90.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock worth $235,000 after acquiring an additional 4,040 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new position in shares of HomeStreet during the 3rd quarter worth approximately $233,000. Hedge funds and other institutional investors own 85.33% of the company’s stock.
Several research analysts have recently commented on the company. B. Riley reiterated a “neutral” rating on shares of HomeStreet in a research note on Wednesday, November 1st. FBR & Co reiterated a “hold” rating and set a $30.00 target price on shares of HomeStreet in a research note on Wednesday, October 25th. Zacks Investment Research downgraded HomeStreet from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, ValuEngine downgraded HomeStreet from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $29.08.
Shares of HomeStreet, Inc. (NASDAQ:HMST) opened at $30.05 on Thursday. The stock has a market capitalization of $802.50, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.80 and a beta of 0.23. HomeStreet, Inc. has a one year low of $24.00 and a one year high of $33.70. The company has a quick ratio of 0.73, a current ratio of 0.87 and a debt-to-equity ratio of 0.19.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.10. The business had revenue of $134.72 million during the quarter, compared to the consensus estimate of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same period in the previous year, the company posted $1.12 EPS. equities analysts predict that HomeStreet, Inc. will post 1.66 earnings per share for the current fiscal year.
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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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