Bank of Montreal Can reduced its position in HomeStreet, Inc. (NASDAQ:HMST) by 9.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 92,760 shares of the financial services provider’s stock after selling 10,241 shares during the period. Bank of Montreal Can’s holdings in HomeStreet were worth $2,568,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of HMST. First Interstate Bank raised its position in HomeStreet by 80.4% in the first quarter. First Interstate Bank now owns 3,915 shares of the financial services provider’s stock worth $109,000 after buying an additional 1,745 shares during the period. Mason Street Advisors LLC raised its position in HomeStreet by 15.5% in the first quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock worth $165,000 after buying an additional 789 shares during the period. Airain ltd bought a new position in HomeStreet during the first quarter worth $211,000. Louisiana State Employees Retirement System raised its position in HomeStreet by 9.6% in the first quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the financial services provider’s stock worth $288,000 after buying an additional 900 shares during the period. Finally, Karp Capital Management Corp bought a new position in HomeStreet during the first quarter worth $293,000. 82.90% of the stock is currently owned by hedge funds and other institutional investors.

Shares of HomeStreet, Inc. (NASDAQ HMST) remained flat at $25.45 during trading on Thursday. 33,113 shares of the company’s stock traded hands. The firm’s 50-day moving average is $27.04 and its 200 day moving average is $27.00. HomeStreet, Inc. has a 12-month low of $22.85 and a 12-month high of $33.70. The company has a market cap of $684.20 million, a P/E ratio of 13.23 and a beta of 0.05.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by $0.18. The business had revenue of $127.88 million for the quarter, compared to analyst estimates of $143.41 million. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. During the same quarter in the prior year, the firm posted $0.90 earnings per share. Equities research analysts expect that HomeStreet, Inc. will post $1.56 earnings per share for the current year.

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A number of equities analysts have weighed in on the company. Zacks Investment Research lowered HomeStreet from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 12th. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $31.00 price objective on shares of HomeStreet in a research note on Friday, June 2nd. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research note on Thursday, August 3rd. Finally, FIG Partners reissued a “market perform” rating and set a $26.25 price objective (down previously from $29.25) on shares of HomeStreet in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $29.45.

In other news, EVP William Endresen sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $27.38, for a total transaction of $27,380.00. Following the completion of the transaction, the executive vice president now directly owns 1,170 shares in the company, valued at $32,034.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 7.59% of the company’s stock.

About HomeStreet

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. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.

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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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