Los Angeles Capital Management LLC Sells 300 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Los Angeles Capital Management LLC cut its stake in shares of HomeStreet, Inc. (NASDAQ:HMST) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,420 shares of the financial services provider’s stock after selling 300 shares during the period. Los Angeles Capital Management LLC’s holdings in HomeStreet were worth $429,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Sei Investments Co. grew its holdings in shares of HomeStreet by 288.1% during the 2nd quarter. Sei Investments Co. now owns 30,908 shares of the financial services provider’s stock valued at $1,259,000 after purchasing an additional 22,944 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of HomeStreet by 3.6% during the 2nd quarter. AQR Capital Management LLC now owns 82,100 shares of the financial services provider’s stock valued at $3,345,000 after purchasing an additional 2,876 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of HomeStreet by 4.2% during the 3rd quarter. Louisiana State Employees Retirement System now owns 10,000 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 400 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of HomeStreet by 8.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 19,162 shares of the financial services provider’s stock valued at $781,000 after purchasing an additional 1,529 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of HomeStreet by 2.7% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,173 shares of the financial services provider’s stock valued at $624,000 after purchasing an additional 402 shares during the last quarter. 85.51% of the stock is currently owned by institutional investors.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of HomeStreet from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research report on Tuesday, October 12th. Wedbush upgraded shares of HomeStreet from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $49.00 to $63.00 in a research report on Wednesday, November 10th. Finally, B. Riley reiterated a “buy” rating and set a $60.00 target price (up from $56.00) on shares of HomeStreet in a research report on Wednesday, October 27th.

Shares of NASDAQ HMST opened at $56.63 on Friday. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.73 and a beta of 1.03. HomeStreet, Inc. has a 52-week low of $32.75 and a 52-week high of $57.34. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.84 and a current ratio of 0.90. The company’s 50 day moving average price is $51.71 and its 200-day moving average price is $44.45.

HomeStreet (NASDAQ:HMST) last issued its quarterly earnings results on Sunday, October 24th. The financial services provider reported $1.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.12 by $0.19. The firm had revenue of $81.78 million for the quarter, compared to the consensus estimate of $82.98 million. HomeStreet had a net margin of 29.78% and a return on equity of 16.68%. During the same quarter in the previous year, the company earned $1.23 EPS. Analysts forecast that HomeStreet, Inc. will post 5.34 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 23rd. Stockholders of record on Tuesday, November 9th were given a $0.25 dividend. The ex-dividend date of this dividend was Monday, November 8th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.77%. HomeStreet’s dividend payout ratio (DPR) is currently 18.94%.

About HomeStreet

HomeStreet, Inc is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking.

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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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