Great West Life Assurance Co. Can held its stake in HomeStreet Inc. (NASDAQ:HMST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,656 shares of the company’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in HomeStreet were worth $118,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in HomeStreet during the second quarter worth $162,000. 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 worth $334,000 after buying an additional 562 shares during the period. Prudential Financial Inc. acquired a new stake in HomeStreet during the first quarter worth $341,000. Mendon Capital Advisors Corp acquired a new stake in HomeStreet during the second quarter worth $447,000. Finally, RMB Capital Management LLC acquired a new stake in HomeStreet during the second quarter worth $554,000. Hedge funds and other institutional investors own 72.75% of the company’s stock.
HomeStreet Inc. (NASDAQ:HMST) traded up 0.0084% during mid-day trading on Tuesday, reaching $24.9621. The company’s stock had a trading volume of 190,750 shares. The firm’s 50 day moving average price is $24.92 and its 200 day moving average price is $21.93. The firm has a market capitalization of $619.71 million, a P/E ratio of 12.4686 and a beta of 0.09. HomeStreet Inc. has a 52 week low of $18.58 and a 52 week high of $27.21.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates 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 posted $0.65 EPS. On average, analysts anticipate that HomeStreet Inc. will post $2.27 EPS for the current fiscal year.
A number of research firms recently weighed in on HMST. FBR & Co restated a “buy” rating and issued a $29.00 price target on shares of HomeStreet in a research note on Wednesday, July 27th. Zacks Investment Research upgraded HomeStreet from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Wednesday, June 29th. Finally, DA Davidson downgraded HomeStreet from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $27.00 to $29.00 in a research report 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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