HomeStreet Inc (NASDAQ:HMST) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers raised its holdings in shares of HomeStreet Inc (NASDAQ:HMST) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,125 shares of the financial services provider’s stock after acquiring an additional 646 shares during the quarter. Rhumbline Advisers owned approximately 0.29% of HomeStreet worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Bank of Montreal Can increased its holdings in shares of HomeStreet by 110.5% in the 4th quarter. Bank of Montreal Can now owns 2,261 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,187 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HomeStreet by 126.9% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,569 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 1,437 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in HomeStreet by 219.3% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,189 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 3,564 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in HomeStreet during the 4th quarter valued at about $166,000. Finally, Metropolitan Life Insurance Co. NY grew its holdings in HomeStreet by 358.7% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,930 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 6,983 shares during the last quarter. Institutional investors and hedge funds own 81.63% of the company’s stock.

NASDAQ:HMST traded up $0.56 during midday trading on Friday, reaching $29.64. 219,105 shares of the stock traded hands, compared to its average volume of 175,824. HomeStreet Inc has a 12-month low of $20.50 and a 12-month high of $31.96. The firm has a 50-day moving average price of $29.31. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market cap of $771.29 million, a PE ratio of 20.03, a PEG ratio of 2.36 and a beta of 0.68.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). HomeStreet had a net margin of 7.02% and a return on equity of 5.87%. The company had revenue of $55.65 million for the quarter, compared to analyst estimates of $102.33 million. During the same quarter in the previous year, the company posted $0.21 EPS. Equities analysts forecast that HomeStreet Inc will post 1.73 EPS for the current year.

Several equities analysts recently commented on the stock. BidaskClub upgraded shares of HomeStreet from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 18th. Zacks Investment Research upgraded shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a research note on Thursday, June 6th. FIG Partners upgraded shares of HomeStreet from a “market perform” rating to an “outperform” rating in a research note on Friday, April 5th. DA Davidson upped their target price on shares of HomeStreet to $32.00 and gave the stock a “positive” rating in a research note on Monday, April 8th. Finally, ValuEngine upgraded shares of HomeStreet from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $32.40.

In other news, EVP Amen Darrell Van purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The shares were bought at an average price of $30.75 per share, for a total transaction of $61,500.00. Following the completion of the transaction, the executive vice president now owns 38,858 shares in the company, valued at $1,194,883.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sandra A. Cavanaugh purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average price of $28.67 per share, for a total transaction of $143,350.00. Following the transaction, the director now owns 6,107 shares of the company’s stock, valued at approximately $175,087.69. The disclosure for this purchase can be found here. Insiders have acquired a total of 9,000 shares of company stock worth $261,590 in the last 90 days. 1.64% of the stock is currently owned by company insiders.

About HomeStreet

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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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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