Nisa Investment Advisors LLC bought a new position in shares of HomeStreet Inc (NASDAQ:HMST) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 9,200 shares of the financial services provider’s stock, valued at approximately $273,000.
Other hedge funds have also bought and sold shares of the company. Boston Partners boosted its stake in HomeStreet by 27.5% in the 1st quarter. Boston Partners now owns 1,013,316 shares of the financial services provider’s stock valued at $26,701,000 after purchasing an additional 218,387 shares during the period. Northern Trust Corp lifted its position in shares of HomeStreet by 1.1% during the 4th quarter. Northern Trust Corp now owns 485,516 shares of the financial services provider’s stock valued at $10,309,000 after acquiring an additional 5,230 shares during the period. Kennedy Capital Management Inc. lifted its position in shares of HomeStreet by 18.0% during the 1st quarter. Kennedy Capital Management Inc. now owns 374,816 shares of the financial services provider’s stock valued at $9,876,000 after acquiring an additional 57,117 shares during the period. Geode Capital Management LLC lifted its position in shares of HomeStreet by 6.8% during the 4th quarter. Geode Capital Management LLC now owns 303,797 shares of the financial services provider’s stock valued at $6,449,000 after acquiring an additional 19,348 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of HomeStreet by 0.6% during the 4th quarter. Principal Financial Group Inc. now owns 219,137 shares of the financial services provider’s stock valued at $4,652,000 after acquiring an additional 1,242 shares during the period. 81.32% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Godfrey B. Evans purchased 1,000 shares of the firm’s stock in a transaction dated Thursday, July 25th. The stock was bought at an average price of $28.48 per share, with a total value of $28,480.00. Following the completion of the purchase, the executive vice president now owns 46,432 shares in the company, valued at approximately $1,322,383.36. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Amen Darrell Van purchased 2,000 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average cost of $30.75 per share, with a total value of $61,500.00. Following the purchase, the executive vice president now owns 38,858 shares of the company’s stock, valued at approximately $1,194,883.50. The disclosure for this purchase can be found here. In the last three months, insiders bought 10,000 shares of company stock valued at $290,070. Insiders own 1.64% of the company’s stock.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, July 22nd. The financial services provider reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.41). HomeStreet had a return on equity of 4.74% and a net margin of 4.74%. The firm had revenue of $69.02 million during the quarter, compared to analyst estimates of $65.59 million. During the same period in the previous year, the company earned $0.46 EPS. As a group, equities analysts forecast that HomeStreet Inc will post 1.21 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HMST shares. ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a report on Saturday, July 27th. TheStreet raised HomeStreet from a “c+” rating to a “b” rating in a report on Tuesday, July 23rd. DA Davidson cut HomeStreet from a “neutral” rating to an “underperform” rating and set a $29.39 price target for the company. in a report on Wednesday, July 10th. Finally, FIG Partners cut HomeStreet from an “outperform” rating to a “market-perform” rating in a report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. HomeStreet currently has a consensus rating of “Buy” and a consensus price target of $31.68.
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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