Public Sector Pension Investment Board purchased a new stake in HomeStreet Inc (NASDAQ:HMST) during the fourth quarter, Holdings Channel reports. The fund purchased 17,000 shares of the company’s stock, valued at approximately $537,000. Public Sector Pension Investment Board owned 0.06% of HomeStreet at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new stake in HomeStreet during the fourth quarter valued at $233,000. PNC Financial Services Group Inc. purchased a new stake in HomeStreet during the third quarter valued at $202,000. Cavalier Investments LLC purchased a new stake in HomeStreet during the fourth quarter valued at $256,000. Acrospire Investment Management LLC boosted its stake in HomeStreet by 117.2% in the third quarter. Acrospire Investment Management LLC now owns 8,524 shares of the company’s stock valued at $214,000 after buying an additional 4,600 shares during the period. Finally, Federated Investors Inc. PA purchased a new stake in HomeStreet during the fourth quarter valued at $272,000. Institutional investors own 71.62% of the company’s stock.
HomeStreet Inc (NASDAQ:HMST) opened at 26.90 on Monday. The company has a 50 day moving average price of $26.61 and a 200-day moving average price of $27.78. The firm has a market capitalization of $721.89 million, a price-to-earnings ratio of 11.50 and a beta of 0.05. HomeStreet Inc has a 1-year low of $18.74 and a 1-year high of $33.70.
HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, January 23rd. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.03. HomeStreet had a return on equity of 10.89% and a net margin of 10.23%. During the same quarter in the previous year, the business posted $0.39 EPS. On average, analysts forecast that HomeStreet Inc will post $2.37 EPS for the current fiscal year.
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A number of equities analysts recently commented on the company. FBR & Co cut their price objective on HomeStreet from $33.00 to $30.00 and set a “mkt perform” rating on the stock in a research note on Thursday, January 26th. Zacks Investment Research lowered HomeStreet from a “buy” rating to a “hold” rating in a research note on Tuesday, December 27th.
In other HomeStreet news, CEO Mark K. Mason sold 2,800 shares of the firm’s stock in a transaction dated Monday, February 6th. The stock was sold at an average price of $25.94, for a total value of $72,632.00. Following the sale, the chief executive officer now owns 126,202 shares of the company’s stock, valued at approximately $3,273,679.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Mark K. Mason sold 7,461 shares of the firm’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $26.44, for a total value of $197,268.84. Following the completion of the sale, the chief executive officer now directly owns 130,302 shares in the company, valued at approximately $3,445,184.88. The disclosure for this sale can be found here. Insiders have sold a total of 11,606 shares of company stock worth $305,228 in the last three months. 7.59% of the stock is currently owned by insiders.
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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