Dimensional Fund Advisors LP Cuts Position in HomeStreet, Inc. (NASDAQ:HMST)

Dimensional Fund Advisors LP lessened its stake in HomeStreet, Inc. (NASDAQ:HMSTGet Rating) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,681,562 shares of the financial services provider’s stock after selling 63,441 shares during the quarter. Dimensional Fund Advisors LP owned 8.22% of HomeStreet worth $87,441,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in HMST. Royce & Associates LP increased its holdings in HomeStreet by 55.2% during the 4th quarter. Royce & Associates LP now owns 20,115 shares of the financial services provider’s stock valued at $1,046,000 after acquiring an additional 7,158 shares in the last quarter. Denali Advisors LLC raised its position in HomeStreet by 844.4% during the fourth quarter. Denali Advisors LLC now owns 8,500 shares of the financial services provider’s stock worth $442,000 after acquiring an additional 7,600 shares during the last quarter. Fisher Asset Management LLC raised its position in HomeStreet by 19.7% during the fourth quarter. Fisher Asset Management LLC now owns 23,132 shares of the financial services provider’s stock worth $1,203,000 after acquiring an additional 3,801 shares during the last quarter. Public Sector Pension Investment Board raised its position in HomeStreet by 2.0% during the third quarter. Public Sector Pension Investment Board now owns 44,496 shares of the financial services provider’s stock worth $1,831,000 after acquiring an additional 854 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its position in HomeStreet by 1,093.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 181,885 shares of the financial services provider’s stock worth $9,458,000 after acquiring an additional 166,645 shares during the last quarter. Institutional investors and hedge funds own 92.87% of the company’s stock.

A number of equities analysts have issued reports on the stock. B. Riley cut their target price on shares of HomeStreet from $60.00 to $55.00 in a research report on Tuesday, April 12th. Zacks Investment Research lowered shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Friday, April 29th. StockNews.com assumed coverage on shares of HomeStreet in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Piper Sandler lowered shares of HomeStreet from a “neutral” rating to an “underweight” rating and cut their price objective for the company from $52.00 to $40.00 in a research report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, HomeStreet has a consensus rating of “Hold” and an average price target of $52.50.

HomeStreet stock opened at $39.23 on Friday. HomeStreet, Inc. has a 1 year low of $36.20 and a 1 year high of $57.40. The firm has a 50 day moving average price of $45.42 and a 200 day moving average price of $49.10. The company has a market cap of $733.76 million, a price-to-earnings ratio of 7.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.93.

HomeStreet (NASDAQ:HMSTGet Rating) last released its earnings results on Monday, April 25th. The financial services provider reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.06. HomeStreet had a net margin of 31.04% and a return on equity of 15.46%. During the same period in the prior year, the business earned $1.35 earnings per share. Sell-side analysts predict that HomeStreet, Inc. will post 4.26 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 24th. Investors of record on Tuesday, May 10th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Monday, May 9th. This represents a $1.40 dividend on an annualized basis and a yield of 3.57%. HomeStreet’s payout ratio is 27.34%.

About HomeStreet (Get Rating)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services.

See Also

Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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