Northpointe Capital LLC increased its position in shares of HomeStreet Inc. (NASDAQ:HMST) by 3.1% during the second quarter, Holdings Channel reports. The firm owned 607,350 shares of the company’s stock after buying an additional 18,266 shares during the period. HomeStreet comprises about 1.4% of Northpointe Capital LLC’s holdings, making the stock its 13th largest position. Northpointe Capital LLC’s holdings in HomeStreet were worth $12,098,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of Montreal Can bought a new position in HomeStreet during the second quarter worth approximately $162,000. Metropolitan Life Insurance Co. NY boosted its position 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 in the last quarter. Prudential Financial Inc. acquired a new position in HomeStreet during the first quarter worth about $341,000. Friess Associates LLC acquired a new position in HomeStreet during the first quarter worth about $583,000. Finally, Virginia Retirement System acquired a new position in HomeStreet during the first quarter worth about $789,000. 72.75% of the stock is owned by institutional investors and hedge funds.
HomeStreet Inc. (NASDAQ:HMST) traded up 1.12% during mid-day trading on Monday, hitting $25.34. The stock had a trading volume of 133,205 shares. The company’s 50 day moving average price is $25.15 and its 200 day moving average price is $22.04. HomeStreet Inc. has a 52 week low of $18.58 and a 52 week high of $27.21. The firm has a market cap of $629.09 million, a PE ratio of 12.66 and a beta of 0.10.
HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, July 25th. The company reported $0.90 earnings per share (EPS) 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. Analysts anticipate that HomeStreet Inc. will post $2.27 earnings per share for the current year.
A number of research firms have issued reports on HMST. DA Davidson cut HomeStreet from a “buy” rating to a “neutral” rating and lifted their target price for the company from $27.00 to $29.00 in a research report on Friday, September 9th. Zacks Investment Research cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 28th. Finally, FBR & Co reiterated a “buy” rating and issued a $29.00 target price on shares of HomeStreet in a research report 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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