Schafer Cullen Capital Management Inc. reduced its stake in HomeStreet, Inc. (NASDAQ:HMST) by 8.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,005 shares of the financial services provider’s stock after selling 2,475 shares during the period. Schafer Cullen Capital Management Inc. owned approximately 0.10% of HomeStreet worth $775,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HMST. Great West Life Assurance Co. Can increased its holdings in HomeStreet by 11.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 34,091 shares of the financial services provider’s stock valued at $951,000 after acquiring an additional 3,391 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in HomeStreet by 6.2% in the 1st quarter. Bank of New York Mellon Corp now owns 384,520 shares of the financial services provider’s stock valued at $10,747,000 after acquiring an additional 22,418 shares during the last quarter. Comerica Bank increased its holdings in HomeStreet by 13.3% in the 1st quarter. Comerica Bank now owns 28,119 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 3,291 shares during the last quarter. Swiss National Bank increased its holdings in HomeStreet by 4.2% in the 1st quarter. Swiss National Bank now owns 34,900 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 1,400 shares during the last quarter. Finally, Karp Capital Management Corp bought a new stake in HomeStreet in the 1st quarter valued at $293,000. Institutional investors own 83.89% of the company’s stock.

Shares of HomeStreet, Inc. (NASDAQ HMST) traded down 0.52% during trading on Friday, hitting $28.45. 130,008 shares of the company’s stock were exchanged. HomeStreet, Inc. has a 12-month low of $24.00 and a 12-month high of $33.70. The company has a market cap of $764.85 million, a P/E ratio of 14.79 and a beta of 0.06. The company has a 50-day moving average of $26.28 and a 200-day moving average of $26.77.

HomeStreet (NASDAQ:HMST) last issued its earnings results 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 business had revenue of $127.88 million during the quarter, compared to analyst estimates of $143.41 million. HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. During the same quarter last year, the company earned $0.90 earnings per share. On average, equities analysts expect that HomeStreet, Inc. will post $1.58 earnings per share for the current fiscal year.

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A number of analysts have issued reports on HMST shares. BidaskClub downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 27th. FIG Partners reissued a “market perform” rating and issued a $26.25 price objective (down from $29.25) on shares of HomeStreet in a research note on Thursday, July 27th. ValuEngine raised shares of HomeStreet from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. Finally, FBR & Co reissued a “hold” rating on shares of HomeStreet in a research note on Tuesday, October 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $29.08.

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.

Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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