Eaton Vance Management Boosts Stake in HomeStreet, Inc. (HMST)
Eaton Vance Management lifted its position in HomeStreet, Inc. (NASDAQ:HMST) by 0.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 80,044 shares of the financial services provider’s stock after buying an additional 13 shares during the period. Eaton Vance Management owned approximately 0.30% of HomeStreet worth $2,215,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Seizert Capital Partners LLC raised its stake in shares of HomeStreet by 2.0% in the 2nd quarter. Seizert Capital Partners LLC now owns 118,080 shares of the financial services provider’s stock worth $3,268,000 after buying an additional 2,305 shares in the last quarter. Swiss National Bank raised its stake in shares of HomeStreet by 21.5% in the 2nd quarter. Swiss National Bank now owns 42,400 shares of the financial services provider’s stock worth $1,173,000 after buying an additional 7,500 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of HomeStreet by 7.8% in the 2nd quarter. Principal Financial Group Inc. now owns 206,377 shares of the financial services provider’s stock worth $5,711,000 after buying an additional 14,899 shares in the last quarter. FSI Group LLC bought a new stake in shares of HomeStreet in the 2nd quarter worth $2,214,000. Finally, First Interstate Bank raised its stake in shares of HomeStreet by 42.8% in the 2nd quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock worth $155,000 after buying an additional 1,675 shares in the last quarter. 83.89% of the stock is currently owned by institutional investors.
Shares of HomeStreet, Inc. (HMST) opened at 25.25 on Wednesday. The stock’s 50 day moving average price is $25.23 and its 200-day moving average price is $26.65. HomeStreet, Inc. has a 12 month low of $24.00 and a 12 month high of $33.70. The firm has a market capitalization of $678.82 million, a price-to-earnings ratio of 13.12 and a beta of 0.07.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.18). The firm had revenue of $127.88 million during the quarter, compared to the consensus estimate of $143.41 million. HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. During the same quarter in the previous year, the business posted $0.90 earnings per share. On average, equities research analysts predict that HomeStreet, Inc. will post $1.56 EPS for the current fiscal year.
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HMST has been the topic of a number of research reports. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $31.00 price objective on shares of HomeStreet in a research note on Friday, July 14th. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 29th. ValuEngine lowered HomeStreet from a “buy” rating to a “hold” rating in a research report on Thursday, August 3rd. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, FIG Partners reaffirmed a “market perform” rating and set a $26.25 target price (down from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. HomeStreet has an average rating of “Hold” and a consensus price target of $29.56.
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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