BlackRock Advisors LLC raised its position in HomeStreet Inc. (NASDAQ:HMST) by 7.4% during the second quarter, Holdings Channel reports. The fund owned 267,982 shares of the company’s stock after buying an additional 18,361 shares during the period. BlackRock Advisors LLC owned about 1.08% of HomeStreet worth $5,338,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of HMST. Pacific Ridge Capital Partners LLC raised its position in shares of HomeStreet by 17.5% in the second quarter. Pacific Ridge Capital Partners LLC now owns 27,450 shares of the company’s stock worth $547,000 after buying an additional 4,080 shares in the last quarter. Convergence Investment Partners LLC purchased a new position in shares of HomeStreet during the second quarter worth approximately $1,539,000. Virginia Retirement Systems ET AL purchased a new position in shares of HomeStreet during the second quarter worth approximately $685,000. Vanguard Group Inc. raised its position in shares of HomeStreet by 3.1% in the second quarter. Vanguard Group Inc. now owns 742,040 shares of the company’s stock worth $14,782,000 after buying an additional 22,174 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of HomeStreet by 204.3% in the second quarter. Prudential Financial Inc. now owns 49,900 shares of the company’s stock worth $994,000 after buying an additional 33,500 shares in the last quarter. 72.74% of the stock is currently owned by institutional investors and hedge funds.
HomeStreet Inc. (NASDAQ:HMST) opened at 24.51 on Monday. The firm has a market capitalization of $608.49 million, a price-to-earnings ratio of 12.24 and a beta of 0.10. HomeStreet Inc. has a one year low of $18.58 and a one year high of $27.21. The firm has a 50-day moving average price of $25.43 and a 200-day moving average price of $22.35.
HomeStreet (NASDAQ:HMST) last posted its earnings results on Monday, July 25th. The company reported $0.90 earnings per share for the quarter, beating the Zacks’ consensus estimate 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 period last year, the firm earned $0.65 EPS. Analysts expect that HomeStreet Inc. will post $2.27 EPS for the current year.
HMST has been the topic of a number of research reports. Zacks Investment Research raised HomeStreet from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Wednesday, June 29th. FBR & Co reaffirmed a “buy” rating and issued a $29.00 price objective on shares of HomeStreet in a report on Wednesday, July 27th. Finally, DA Davidson lowered HomeStreet from a “buy” rating to a “neutral” rating and upped their price objective for the company from $27.00 to $29.00 in a report on Friday, September 9th.
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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