Nationwide Fund Advisors boosted its stake in shares of HomeStreet Inc. (NASDAQ:HMST) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 159,125 shares of the company’s stock after buying an additional 743 shares during the period. Nationwide Fund Advisors owned about 0.64% of HomeStreet worth $3,170,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can purchased a new stake in HomeStreet during the second quarter valued at $162,000. Salzhauer Michael bought a new stake in HomeStreet during the second quarter valued at approximately $277,000. Metropolitan Life Insurance Co. NY increased its stake in HomeStreet by 3.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 16,041 shares of the company’s stock valued at $334,000 after buying an additional 562 shares in the last quarter. Prudential Financial Inc. bought a new stake in HomeStreet during the first quarter valued at approximately $341,000. Finally, Mendon Capital Advisors Corp bought a new stake in HomeStreet during the second quarter valued at approximately $447,000. 72.75% of the stock is owned by institutional investors and hedge funds.
Shares of HomeStreet Inc. (NASDAQ:HMST) traded down 0.6447% during trading on Friday, hitting $25.0276. The stock had a trading volume of 29,741 shares. The firm has a market cap of $621.34 million, a P/E ratio of 12.5013 and a beta of 0.10. The firm’s 50-day moving average is $25.38 and its 200-day moving average is $22.18. HomeStreet Inc. has a one year low of $18.58 and a one 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, topping the Zacks’ 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 last year, the business earned $0.65 EPS. Equities research analysts forecast that HomeStreet Inc. will post $2.27 EPS for the current year.
Several analysts have commented on the company. Zacks Investment Research downgraded HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. FBR & Co reaffirmed a “buy” rating and set a $29.00 price objective on shares of HomeStreet in a research note on Wednesday, July 27th. Finally, DA Davidson downgraded HomeStreet from a “buy” rating to a “neutral” rating and upped their price objective for the company 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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