Wells Fargo & Company MN grew its holdings in HomeStreet Inc (NASDAQ:HMST) by 0.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 312,650 shares of the financial services provider’s stock after purchasing an additional 2,904 shares during the period. Wells Fargo & Company MN owned about 1.34% of HomeStreet worth $6,951,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its position in shares of HomeStreet by 33.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,350 shares of the financial services provider’s stock valued at $46,000 after buying an additional 335 shares during the last quarter. Baird Financial Group Inc. lifted its stake in HomeStreet by 3.4% during the 4th quarter. Baird Financial Group Inc. now owns 12,064 shares of the financial services provider’s stock valued at $410,000 after acquiring an additional 400 shares during the period. Swiss National Bank lifted its stake in HomeStreet by 1.4% during the 1st quarter. Swiss National Bank now owns 45,000 shares of the financial services provider’s stock valued at $1,000,000 after acquiring an additional 600 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in shares of HomeStreet by 4.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 24,233 shares of the financial services provider’s stock valued at $824,000 after acquiring an additional 987 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of HomeStreet by 23.1% in the first quarter. SG Americas Securities LLC now owns 7,326 shares of the financial services provider’s stock worth $163,000 after acquiring an additional 1,376 shares during the period. Hedge funds and other institutional investors own 84.73% of the company’s stock.
A number of research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of HomeStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, June 16th. Wedbush began coverage on HomeStreet in a report on Wednesday, June 24th. They set a “neutral” rating and a $28.00 price target 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 report on Thursday, June 25th. DA Davidson raised HomeStreet from a “neutral” rating to a “buy” rating and lowered their target price for the company from $29.00 to $27.00 in a report on Monday, March 16th. Finally, B. Riley dropped their price objective on shares of HomeStreet from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Monday, April 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. HomeStreet currently has an average rating of “Hold” and a consensus target price of $29.67.
Shares of NASDAQ HMST opened at $24.61 on Wednesday. The stock has a market cap of $531.79 million, a PE ratio of 22.79 and a beta of 1.01. HomeStreet Inc has a 1 year low of $18.44 and a 1 year high of $35.44. The firm has a fifty day moving average price of $23.47 and a 200-day moving average price of $27.01. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.98 and a quick ratio of 0.96.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, April 27th. The financial services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.03. The company had revenue of $78.06 million during the quarter, compared to the consensus estimate of $63.57 million. HomeStreet had a net margin of 7.09% and a return on equity of 5.88%. On average, research analysts expect that HomeStreet Inc will post 1.59 EPS for the current year.
In other HomeStreet news, EVP Godfrey B. Evans sold 2,321 shares of HomeStreet stock in a transaction on Friday, June 5th. The shares were sold at an average price of $26.66, for a total value of $61,877.86. Following the sale, the executive vice president now directly owns 46,127 shares in the company, valued at approximately $1,229,745.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mark Robert Patterson purchased 3,424 shares of the firm’s stock in a transaction on Thursday, May 7th. The stock was bought at an average price of $22.96 per share, for a total transaction of $78,615.04. Following the purchase, the director now owns 8,253 shares in the company, valued at $189,488.88. The disclosure for this purchase can be found here. Corporate insiders own 3.62% of the company’s stock.
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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