HomeStreet Inc. (HMST) Sees Large Volume Increase
HomeStreet Inc. (NASDAQ:HMST) saw strong trading volume on Friday . 112,661 shares traded hands during 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.
Several equities analysts have weighed in on the company. FBR & Co restated a “buy” rating on shares of HomeStreet in a report on Wednesday, April 27th. Zacks Investment Research cut HomeStreet from a “buy” rating to a “hold” rating in a report on Thursday, April 28th.
The company has a 50-day moving average price of $20.27 and a 200 day moving average price of $20.48. The company has a market capitalization of $498.44 million and a PE ratio of 12.17.
HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, April 25th. The company reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.11. On average, equities analysts forecast that HomeStreet Inc. will post $2.18 earnings per share for the current year.
In related news, Director Richard W. H. Bennion sold 5,334 shares of the company’s stock in a transaction dated Wednesday, June 1st. The stock was sold at an average price of $20.42, for a total value of $108,920.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mark K. Mason sold 242,168 shares of the company’s stock in a transaction dated Thursday, April 28th. The stock was sold at an average price of $21.60, for a total value of $5,230,828.80. Following the completion of the transaction, the chief executive officer now directly owns 242,168 shares of the company’s stock, valued at approximately $5,230,828.80. The disclosure for this sale can be found here.
A number of institutional investors have added to or reduced their stakes in HMST. Royce & Associates LLC boosted its position in 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 during the last quarter. Nationwide Fund Advisors boosted its position in 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 during the last quarter. EAM Investors LLC boosted its position in 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 during the last quarter. Strs Ohio acquired a new position in HomeStreet during the fourth quarter worth $3,799,000. Finally, Dimensional Fund Advisors LP boosted its position in 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 during the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.