State of Alaska Department of Revenue Has $147,000 Stake in HomeStreet, Inc. (HMST)
State of Alaska Department of Revenue increased its stake in HomeStreet, Inc. (NASDAQ:HMST) by 90.7% during the second quarter, Holdings Channel reports. The firm owned 5,321 shares of the financial services provider’s stock after buying an additional 2,531 shares during the period. State of Alaska Department of Revenue’s holdings in HomeStreet were worth $147,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of HMST. First Interstate Bank increased its position in shares of HomeStreet by 80.4% in the first quarter. First Interstate Bank now owns 3,915 shares of the financial services provider’s stock valued at $109,000 after buying an additional 1,745 shares in the last quarter. Mason Street Advisors LLC increased its position in shares of HomeStreet by 15.5% in the first quarter. Mason Street Advisors LLC now owns 5,891 shares of the financial services provider’s stock valued at $165,000 after buying an additional 789 shares in the last quarter. Airain ltd purchased a new position in shares of HomeStreet during the first quarter valued at $211,000. Louisiana State Employees Retirement System increased its position in shares of 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 valued at $288,000 after buying an additional 900 shares in the last quarter. Finally, Karp Capital Management Corp purchased a new position in shares of HomeStreet during the first quarter valued at $293,000. Hedge funds and other institutional investors own 82.90% of the company’s stock.
HomeStreet, Inc. (NASDAQ:HMST) traded up 0.20% on Thursday, hitting $25.50. 36,775 shares of the company’s stock traded hands. The stock has a 50-day moving average of $27.04 and a 200-day moving average of $27.00. HomeStreet, Inc. has a one year low of $22.85 and a one year high of $33.70. The stock has a market cap of $685.54 million, a PE ratio of 13.25 and a beta of 0.05.
HomeStreet (NASDAQ:HMST) last released its earnings results on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by $0.18. The company had revenue of $127.88 million for the quarter, compared to analysts’ expectations of $143.41 million. HomeStreet had a return on equity of 8.10% and a net margin of 8.89%. During the same period in the prior year, the firm earned $0.90 EPS. On average, equities analysts forecast that HomeStreet, Inc. will post $1.56 earnings per share for the current fiscal year.
Several research analysts recently weighed in on the stock. ValuEngine downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Thursday, August 3rd. BidaskClub raised shares of HomeStreet from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $31.00 target price on shares of HomeStreet in a report on Friday, July 14th. FIG Partners reaffirmed a “market perform” rating and issued a $26.25 target price (down previously from $29.25) on shares of HomeStreet in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded shares of HomeStreet from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. HomeStreet presently has an average rating of “Hold” and an average price target of $29.45.
In other news, EVP William Endresen sold 1,000 shares of the business’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $27.38, for a total transaction of $27,380.00. Following the completion of the sale, the executive vice president now owns 1,170 shares of the company’s stock, valued at $32,034.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 7.59% of the stock is 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. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
Want to see what other hedge funds are holding HMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HomeStreet, Inc. (NASDAQ:HMST).
Receive News & Ratings for HomeStreet Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet Inc. and related companies with MarketBeat.com's FREE daily email newsletter.