First Trust Advisors LP cut its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 16.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,189 shares of the financial services provider’s stock after selling 11,370 shares during the period. First Trust Advisors LP owned about 0.21% of HomeStreet worth $1,517,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Comerica Bank boosted its holdings in shares of HomeStreet by 2.1% in the second quarter. Comerica Bank now owns 28,709 shares of the financial services provider’s stock valued at $795,000 after acquiring an additional 590 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in HomeStreet by 6.8% during the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the financial services provider’s stock valued at $304,000 after purchasing an additional 700 shares during the period. Arizona State Retirement System raised its holdings in HomeStreet by 7.6% in the 2nd quarter. Arizona State Retirement System now owns 14,122 shares of the financial services provider’s stock worth $391,000 after purchasing an additional 1,000 shares during the period. California State Teachers Retirement System grew its stake in shares of HomeStreet by 2.2% during the 2nd quarter. California State Teachers Retirement System now owns 51,359 shares of the financial services provider’s stock valued at $1,421,000 after buying an additional 1,100 shares during the period. Finally, California Public Employees Retirement System boosted its holdings in shares of HomeStreet by 2.7% in the second quarter. California Public Employees Retirement System now owns 45,200 shares of the financial services provider’s stock valued at $1,251,000 after acquiring an additional 1,200 shares in the last quarter. Hedge funds and other institutional investors own 85.33% of the company’s stock.

HomeStreet, Inc. (NASDAQ:HMST) opened at $30.50 on Friday. The company has a market capitalization of $813.25, a P/E ratio of 20.72, a P/E/G ratio of 1.83 and a beta of 0.20. HomeStreet, Inc. has a twelve month low of $24.00 and a twelve month high of $33.70. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.73 and a current ratio of 0.87.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.51 EPS for the quarter, topping the consensus estimate of $0.41 by $0.10. The firm had revenue of $134.72 million for the quarter, compared to the consensus estimate of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same quarter last year, the company earned $1.12 earnings per share. research analysts expect that HomeStreet, Inc. will post 1.66 EPS for the current year.

Several equities research analysts recently commented on the stock. B. Riley restated a “neutral” rating on shares of HomeStreet in a research report on Wednesday, November 1st. Zacks Investment Research cut shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub lowered shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, August 7th. ValuEngine downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, FBR & Co reaffirmed a “hold” rating on shares of HomeStreet in a research report on Tuesday, October 3rd. 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. The stock currently has an average rating of “Hold” and an average target price of $29.08.

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HomeStreet Profile

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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