California State Teachers Retirement System cut its stake in shares of HomeStreet Inc. (NASDAQ:HMST) by 5.0% during the second quarter, Holdings Channel reports. The fund owned 49,559 shares of the company’s stock after selling 2,583 shares during the period. California State Teachers Retirement System owned 0.20% of HomeStreet worth $987,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. UBS Group AG raised its position in HomeStreet by 8,287.5% in the first quarter. UBS Group AG now owns 302,452 shares of the company’s stock valued at $6,294,000 after buying an additional 298,846 shares during the period. Kennedy Capital Management Inc. raised its position in HomeStreet by 33.5% in the first quarter. Kennedy Capital Management Inc. now owns 471,029 shares of the company’s stock valued at $9,802,000 after buying an additional 118,174 shares during the period. Clover Partners L.P. raised its position in HomeStreet by 26.4% in the first quarter. Clover Partners L.P. now owns 401,793 shares of the company’s stock valued at $8,361,000 after buying an additional 83,917 shares during the period. Spark Investment Management LLC acquired a new position in HomeStreet during the first quarter valued at about $901,000. Finally, Virginia Retirement System acquired a new position in HomeStreet during the first quarter valued at about $789,000. Institutional investors own 72.75% of the company’s stock.
Shares of HomeStreet Inc. (NASDAQ:HMST) traded down 0.08% during midday trading on Tuesday, hitting $24.94. 218,583 shares of the company’s stock were exchanged. The firm has a market cap of $619.16 million, a price-to-earnings ratio of 12.46 and a beta of 0.09. The company has a 50-day moving average of $24.92 and a 200-day moving average of $21.93. HomeStreet Inc. has a 52 week low of $18.58 and a 52 week high of $27.21.
HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, July 25th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.22. HomeStreet had a net margin of 9.50% and a return on equity of 10.01%. During the same quarter last year, the business earned $0.65 EPS. Equities research analysts expect that HomeStreet Inc. will post $2.27 EPS for the current fiscal year.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Wednesday, June 29th. FBR & Co reaffirmed a “buy” rating and issued a $29.00 price objective on shares of HomeStreet in a research note on Wednesday, July 27th. Finally, DA Davidson lowered shares of HomeStreet from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $27.00 to $29.00 in a research note on Friday, September 9th.
HomeStreet Company Profile
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. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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