Strs Ohio boosted its stake in HomeStreet Inc. (NASDAQ:HMST) by 2.5% during the second quarter, Holdings Channel reports. The institutional investor owned 205,000 shares of the company’s stock after buying an additional 5,000 shares during the period. Strs Ohio’s holdings in HomeStreet were worth $4,083,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in HMST. UBS Group AG boosted its stake in shares of 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 in the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of 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 in the last quarter. Spark Investment Management LLC purchased a new stake in shares of HomeStreet during the first quarter valued at $901,000. Virginia Retirement System purchased a new stake in shares of HomeStreet during the first quarter valued at $789,000. Finally, Friess Associates LLC purchased a new stake in shares of HomeStreet during the first quarter valued at $583,000. 72.75% of the stock is owned by hedge funds and other institutional investors.
Shares of HomeStreet Inc. (NASDAQ:HMST) traded down 1.14% during mid-day trading on Thursday, hitting $25.19. The stock had a trading volume of 59,239 shares. The stock’s 50-day moving average is $25.38 and its 200-day moving average is $22.18. The firm has a market capitalization of $625.37 million, a PE ratio of 12.58 and a beta of 0.10. HomeStreet Inc. has a 1-year low of $18.58 and a 1-year 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, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.22. HomeStreet had a return on equity of 10.01% and a net margin of 9.50%. During the same quarter in the previous year, the business earned $0.65 EPS. Equities analysts expect that HomeStreet Inc. will post $2.27 earnings per share for the current year.
Several analysts have weighed in on HMST shares. DA Davidson cut HomeStreet from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $27.00 to $29.00 in a report on Friday, September 9th. Zacks Investment Research cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 28th. Finally, FBR & Co reaffirmed a “buy” rating and issued a $29.00 price target on shares of HomeStreet in a research note on Wednesday, July 27th.
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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