Roaring Blue Lion Capital Management, L.P. recently disclosed that they own 6.2% of HomeStreet Inc (NASDAQ:HMST) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Friday, June 1st. The investor owns 1,659,009 shares of the stock valued at about $47,364,707. The reporting parties listed on the disclosure included Roaring Blue Lion Capital Management, LP, Charles W Griege, Jr and Ronald K Tanemura. The disclosure is available through the SEC website at this hyperlink.
A number of other institutional investors and hedge funds also recently modified their holdings of HMST. The Manufacturers Life Insurance Company increased its stake in HomeStreet by 11.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 20,017 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 1,990 shares during the period. American International Group Inc. increased its stake in shares of HomeStreet by 10.5% during the fourth quarter. American International Group Inc. now owns 21,451 shares of the financial services provider’s stock worth $621,000 after buying an additional 2,043 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of HomeStreet by 2.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 113,314 shares of the financial services provider’s stock worth $3,281,000 after buying an additional 2,298 shares during the period. California Public Employees Retirement System increased its stake in shares of HomeStreet by 5.3% during the first quarter. California Public Employees Retirement System now owns 55,496 shares of the financial services provider’s stock worth $1,590,000 after buying an additional 2,815 shares during the period. Finally, Northern Trust Corp increased its stake in shares of HomeStreet by 0.6% during the first quarter. Northern Trust Corp now owns 496,984 shares of the financial services provider’s stock worth $14,240,000 after buying an additional 2,999 shares during the period. Hedge funds and other institutional investors own 80.35% of the company’s stock.
HomeStreet opened at $28.55 on Friday, Marketbeat Ratings reports. The firm has a market capitalization of $764.79 million, a price-to-earnings ratio of 16.99, a price-to-earnings-growth ratio of 1.69 and a beta of 0.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.02 and a quick ratio of 0.92. HomeStreet Inc has a 1 year low of $24.00 and a 1 year high of $32.60.
HomeStreet (NASDAQ:HMST) last released its quarterly earnings data on Monday, April 23rd. The financial services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.20). HomeStreet had a return on equity of 6.60% and a net margin of 12.13%. The business had revenue of $109.29 million during the quarter, compared to analysts’ expectations of $116.75 million. During the same quarter in the previous year, the company posted $0.33 EPS. sell-side analysts anticipate that HomeStreet Inc will post 1.68 EPS for the current year.
In other HomeStreet news, EVP David H. Straus purchased 1,200 shares of the firm’s stock in a transaction on Thursday, April 26th. The shares were purchased at an average cost of $25.88 per share, with a total value of $31,056.00. Following the purchase, the executive vice president now owns 213 shares in the company, valued at $5,512.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark Robert Patterson purchased 5,000 shares of the firm’s stock in a transaction on Thursday, April 26th. The stock was acquired at an average cost of $25.90 per share, for a total transaction of $129,500.00. Following the completion of the purchase, the director now owns 267 shares in the company, valued at approximately $6,915.30. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 6,400 shares of company stock valued at $165,674. Company insiders own 1.64% of the company’s stock.
A number of equities analysts recently issued reports on HMST shares. BidaskClub downgraded HomeStreet from a “hold” rating to a “sell” rating in a report on Friday, June 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $29.00 price target on shares of HomeStreet in a report on Wednesday, April 25th. ValuEngine raised HomeStreet from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. B. Riley reissued a “neutral” rating on shares of HomeStreet in a report on Friday, March 2nd. Finally, Sandler O’Neill set a $31.00 price objective on HomeStreet and gave the company a “hold” rating in a report on Thursday, March 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. HomeStreet presently has a consensus rating of “Hold” and an average target price of $30.32.
HomeStreet, Inc, together with its subsidiaries, provides various financial services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking. The Commercial and Consumer Banking segment offers deposit products; non-deposit investment products; and insurance products and cash management services.
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