Assenagon Asset Management S.A. purchased a new stake in HomeStreet Inc (NASDAQ:HMST) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 40,942 shares of the financial services provider’s stock, valued at approximately $1,119,000. Assenagon Asset Management S.A. owned 0.17% of HomeStreet as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in HMST. Meeder Asset Management Inc. boosted its position in shares of HomeStreet by 170.9% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,704 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,075 shares during the period. Quantamental Technologies LLC purchased a new stake in HomeStreet in the 2nd quarter worth about $61,000. Bank of Montreal Can lifted its stake in HomeStreet by 92.4% in the 2nd quarter. Bank of Montreal Can now owns 4,659 shares of the financial services provider’s stock worth $138,000 after acquiring an additional 2,238 shares in the last quarter. Aperio Group LLC purchased a new stake in HomeStreet in the 2nd quarter worth about $263,000. Finally, Nisa Investment Advisors LLC purchased a new stake in HomeStreet in the 2nd quarter worth about $273,000. Institutional investors and hedge funds own 89.15% of the company’s stock.
In other HomeStreet news, EVP Godfrey B. Evans acquired 1,000 shares of HomeStreet stock in a transaction that occurred on Thursday, July 25th. The stock was purchased at an average cost of $28.48 per share, with a total value of $28,480.00. Following the purchase, the executive vice president now owns 46,432 shares in the company, valued at $1,322,383.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.64% of the stock is currently owned by corporate insiders.
Shares of HomeStreet stock opened at $28.33 on Monday. The stock has a 50-day moving average price of $27.31 and a 200 day moving average price of $28.16. The company has a market cap of $683.13 million, a P/E ratio of 19.14 and a beta of 0.66. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76. HomeStreet Inc has a 1 year low of $20.50 and a 1 year high of $31.96.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.41). The business had revenue of $69.02 million during the quarter, compared to analysts’ expectations of $65.59 million. HomeStreet had a return on equity of 4.74% and a net margin of 4.74%. During the same period in the prior year, the company posted $0.46 earnings per share. On average, equities analysts forecast that HomeStreet Inc will post 1.19 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. TheStreet downgraded HomeStreet from a “b” rating to a “c+” rating in a research note on Monday, August 12th. Zacks Investment Research downgraded HomeStreet from a “hold” rating to a “sell” rating in a research note on Wednesday, October 9th. DA Davidson raised HomeStreet from an “underperform” rating to a “neutral” rating and set a $27.00 price objective for the company in a research note on Friday, August 16th. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, ValuEngine downgraded HomeStreet from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. HomeStreet currently has a consensus rating of “Hold” and a consensus target price of $31.50.
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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