HomeStreet Inc. (HMST) Sees Strong Trading Volume
Shares of HomeStreet Inc. (NASDAQ:HMST) saw unusually-strong trading volume on Friday . Approximately 112,661 shares were traded during mid-day trading, a decline of 9% from the previous session’s volume of 123,342 shares.The stock last traded at $20.27 and had previously closed at $19.43.
A number of research analysts recently weighed in on HMST shares. FBR & Co reissued a “buy” rating on shares of HomeStreet in a research note on Wednesday, April 27th. Zacks Investment Research raised HomeStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, May 10th.
The company has a market capitalization of $498.44 million and a price-to-earnings ratio of 12.17. The company’s 50 day moving average price is $20.27 and its 200-day moving average price is $20.50.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, April 25th. The company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.11. Analysts expect that HomeStreet Inc. will post $2.18 EPS for the current fiscal year.
In other HomeStreet news, Director Richard W. H. Bennion sold 5,334 shares of the firm’s stock in a transaction on Wednesday, June 1st. The stock was sold at an average price of $20.42, for a total value of $108,920.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Mark K. Mason sold 242,168 shares of the firm’s stock in a transaction on Thursday, April 28th. The shares were sold at an average price of $21.60, for a total value of $5,230,828.80. Following the completion of the sale, the chief executive officer now directly owns 242,168 shares in the company, valued at approximately $5,230,828.80. The disclosure for this sale can be found here.
Other large investors have modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in shares of HomeStreet by 17.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 790,257 shares of the company’s stock worth $17,157,000 after buying an additional 118,827 shares in the last quarter. Royce & Associates LLC increased its stake in shares of HomeStreet by 97.5% in the fourth quarter. Royce & Associates LLC now owns 87,300 shares of the company’s stock worth $1,895,000 after buying an additional 43,100 shares in the last quarter. EAM Investors LLC increased its stake in shares of HomeStreet by 27.9% in the fourth quarter. EAM Investors LLC now owns 164,467 shares of the company’s stock worth $3,571,000 after buying an additional 35,857 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of HomeStreet by 23.0% in the fourth quarter. Nationwide Fund Advisors now owns 151,690 shares of the company’s stock worth $3,293,000 after buying an additional 28,319 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of HomeStreet during the fourth quarter worth $3,799,000.
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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