Louisiana State Employees Retirement System trimmed its position in shares of HomeStreet Inc (NASDAQ:HMST) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,350 shares of the financial services provider’s stock after selling 650 shares during the period. Louisiana State Employees Retirement System’s holdings in HomeStreet were worth $284,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HMST. Nuveen Asset Management LLC purchased a new position in HomeStreet in the 2nd quarter valued at about $4,310,000. Philadelphia Financial Management of San Francisco LLC lifted its stake in shares of HomeStreet by 41.5% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 483,311 shares of the financial services provider’s stock worth $13,204,000 after acquiring an additional 141,649 shares in the last quarter. Morgan Stanley lifted its stake in shares of HomeStreet by 128.0% in the second quarter. Morgan Stanley now owns 156,640 shares of the financial services provider’s stock worth $4,644,000 after acquiring an additional 87,925 shares in the last quarter. Millennium Management LLC purchased a new position in HomeStreet in the third quarter valued at about $1,538,000. Finally, Congress Asset Management Co. MA boosted its holdings in HomeStreet by 51.5% in the third quarter. Congress Asset Management Co. MA now owns 139,280 shares of the financial services provider’s stock valued at $3,805,000 after purchasing an additional 47,330 shares during the last quarter. 82.59% of the stock is owned by institutional investors and hedge funds.
Shares of HomeStreet stock opened at $31.08 on Tuesday. The firm has a market cap of $792.37 million, a PE ratio of 37.45 and a beta of 0.73. The firm’s 50-day simple moving average is $33.34 and its 200-day simple moving average is $29.84. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.89 and a current ratio of 0.91. HomeStreet Inc has a 1 year low of $24.10 and a 1 year high of $35.44.
Several research firms have issued reports on HMST. ValuEngine downgraded HomeStreet from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. TheStreet upgraded HomeStreet from a “c+” rating to a “b” rating in a research note on Thursday, November 7th. Zacks Investment Research cut HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 4th. BidaskClub downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a research report on Friday. Finally, B. Riley restated a “buy” rating and issued a $38.00 price target on shares of HomeStreet in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. HomeStreet presently has an average rating of “Hold” and an average target price of $33.25.
In related news, Director Victor H. Indiek sold 3,272 shares of HomeStreet stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $31.28, for a total value of $102,348.16. Following the completion of the transaction, the director now directly owns 5,693 shares in the company, valued at $178,077.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.64% of the company’s stock.
HomeStreet Company Profile
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank, a state-chartered commercial bank that provides commercial and consumer banking services primarily in the Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.
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