State Board of Administration of Florida Retirement System boosted its position in HomeStreet Inc. (NASDAQ:HMST) by 141.6% during the second quarter, Holdings Channel reports. The firm owned 26,046 shares of the company’s stock after buying an additional 15,264 shares during the period. State Board of Administration of Florida Retirement System owned about 0.10% of HomeStreet worth $519,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can purchased 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. purchased a new stake in HomeStreet during the first quarter worth $341,000. Mendon Capital Advisors Corp purchased a new stake in HomeStreet during the second quarter worth $447,000. Finally, RMB Capital Management LLC purchased 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 down 0.39% on Thursday, hitting $25.38. The company’s stock had a trading volume of 13,815 shares. The company has a 50 day moving average price of $25.34 and a 200-day moving average price of $22.16. The company has a market capitalization of $630.08 million, a P/E ratio of 12.68 and a beta of 0.10. HomeStreet Inc. has a 1-year low of $18.58 and a 1-year high of $27.21.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, July 25th. The company reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.22. HomeStreet had a net margin of 9.50% and a return on equity of 10.01%. During the same quarter last year, the business earned $0.65 earnings per share. On average, equities analysts forecast that HomeStreet Inc. will post $2.27 earnings per share for the current fiscal year.
HMST has been the subject of a number of research analyst reports. FBR & Co restated a “buy” rating and issued a $29.00 target price on shares of HomeStreet in a research report on Wednesday, July 27th. Zacks Investment Research downgraded HomeStreet from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Finally, DA Davidson downgraded HomeStreet from a “buy” rating to a “neutral” rating and upped 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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