Mark Robert Patterson Acquires 13,000 Shares of HomeStreet Inc (NASDAQ:HMST) Stock

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HomeStreet Inc (NASDAQ:HMST) Director Mark Robert Patterson bought 13,000 shares of the business’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of $25.63 per share, for a total transaction of $333,190.00. Following the completion of the acquisition, the director now owns 13,676 shares of the company’s stock, valued at approximately $350,515.88. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Mark Robert Patterson also recently made the following trade(s):

  • On Thursday, May 7th, Mark Robert Patterson acquired 3,424 shares of HomeStreet stock. The shares were bought at an average cost of $22.96 per share, with a total value of $78,615.04.
  • On Tuesday, May 5th, Mark Robert Patterson acquired 2,252 shares of HomeStreet stock. The shares were bought at an average cost of $22.96 per share, with a total value of $51,705.92.

Shares of HMST opened at $26.44 on Friday. The firm has a 50-day moving average of $23.83 and a 200-day moving average of $25.49. HomeStreet Inc has a one year low of $18.44 and a one year high of $35.44. The company has a market cap of $618.70 million, a PE ratio of 12.53 and a beta of 1.01. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.99 and a quick ratio of 0.96.

HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 27th. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.50. HomeStreet had a net margin of 13.45% and a return on equity of 8.19%. The company had revenue of $88.10 million during the quarter, compared to the consensus estimate of $76.79 million. Analysts expect that HomeStreet Inc will post 1.82 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders of record on Friday, August 7th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Thursday, August 6th. HomeStreet’s dividend payout ratio (DPR) is presently 35.29%.

Several institutional investors and hedge funds have recently made changes to their positions in HMST. Mesirow Financial Investment Management Equity Management acquired a new position in shares of HomeStreet in the 1st quarter worth approximately $4,646,000. Assenagon Asset Management S.A. grew its holdings in shares of HomeStreet by 589.7% in the second quarter. Assenagon Asset Management S.A. now owns 98,849 shares of the financial services provider’s stock worth $2,433,000 after purchasing an additional 84,516 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of HomeStreet by 30.0% in the first quarter. Acadian Asset Management LLC now owns 345,737 shares of the financial services provider’s stock worth $7,685,000 after purchasing an additional 79,775 shares during the last quarter. Elizabeth Park Capital Advisors Ltd. grew its holdings in shares of HomeStreet by 40.1% in the first quarter. Elizabeth Park Capital Advisors Ltd. now owns 269,763 shares of the financial services provider’s stock worth $5,997,000 after purchasing an additional 77,281 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of HomeStreet by 111.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 115,479 shares of the financial services provider’s stock worth $3,927,000 after purchasing an additional 60,989 shares during the last quarter. 84.63% of the stock is owned by institutional investors.

Several brokerages have recently issued reports on HMST. B. Riley lowered their price objective on shares of HomeStreet from $36.00 to $29.00 and set a “buy” rating for the company in a research report on Monday, April 13th. ValuEngine downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Tuesday, July 28th. Wedbush began coverage on shares of HomeStreet in a research report on Wednesday, June 24th. They set a “neutral” rating and a $28.00 price objective for the company. They noted that the move was a valuation call. Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. Finally, BidaskClub downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Thursday, June 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $29.67.

HomeStreet Company Profile

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.

Further Reading: Short Selling Stocks, A Beginner’s Guide

Insider Buying and Selling by Quarter for HomeStreet (NASDAQ:HMST)

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