Principal Financial Group Inc. boosted its position in shares of HomeStreet Inc (NASDAQ:HMST) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 219,137 shares of the financial services provider’s stock after buying an additional 1,242 shares during the quarter. Principal Financial Group Inc.’s holdings in HomeStreet were worth $4,652,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can raised its holdings in HomeStreet by 110.5% during the 4th quarter. Bank of Montreal Can now owns 2,261 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,187 shares during the last quarter. Citadel Advisors LLC bought a new stake in HomeStreet during the 3rd quarter worth about $212,000. Oregon Public Employees Retirement Fund bought a new stake in HomeStreet during the 4th quarter worth about $218,000. Dynamic Technology Lab Private Ltd bought a new stake in HomeStreet during the 3rd quarter worth about $251,000. Finally, Stone Ridge Asset Management LLC bought a new stake in HomeStreet during the 4th quarter worth about $252,000. 80.85% of the stock is owned by hedge funds and other institutional investors.
Shares of HMST stock opened at $28.34 on Monday. The company has a debt-to-equity ratio of 1.43, a current ratio of 1.04 and a quick ratio of 0.98. The stock has a market capitalization of $758.00 million, a PE ratio of 19.15, a P/E/G ratio of 3.08 and a beta of 0.72. HomeStreet Inc has a one year low of $20.50 and a one year high of $31.55.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Tuesday, January 22nd. The financial services provider reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. The company had revenue of $100.00 million during the quarter, compared to analysts’ expectations of $103.76 million. HomeStreet had a return on equity of 5.61% and a net margin of 7.88%. During the same period in the prior year, the business posted $0.42 EPS. As a group, sell-side analysts expect that HomeStreet Inc will post 1.3 earnings per share for the current fiscal year.
Several brokerages have weighed in on HMST. Zacks Investment Research raised HomeStreet from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. DA Davidson boosted their price objective on HomeStreet to $32.00 and gave the stock a “positive” rating in a report on Monday, April 8th. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a report on Friday, April 5th. FIG Partners raised HomeStreet from a “market perform” rating to an “outperform” rating in a report on Friday, April 5th. Finally, Sandler O’Neill raised HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Friday, April 5th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $30.17.
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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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