Prudential Financial Inc. Raises Stake in HomeStreet, Inc. (HMST)
Prudential Financial Inc. increased its stake in HomeStreet, Inc. (NASDAQ:HMST) by 101.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 100,600 shares of the company’s stock after buying an additional 50,700 shares during the period. Prudential Financial Inc. owned 0.41% of HomeStreet worth $2,521,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of HMST. First Trust Advisors LP boosted its stake in shares of HomeStreet by 1.1% in the third quarter. First Trust Advisors LP now owns 35,761 shares of the company’s stock valued at $896,000 after buying an additional 393 shares in the last quarter. New Amsterdam Partners LLC NY boosted its position in shares of HomeStreet by 0.3% in the third quarter. New Amsterdam Partners LLC NY now owns 212,685 shares of the company’s stock valued at $5,330,000 after buying an additional 571 shares in the last quarter. American International Group Inc. boosted its position in shares of HomeStreet by 5.3% in the second quarter. American International Group Inc. now owns 13,606 shares of the company’s stock valued at $271,000 after buying an additional 687 shares in the last quarter. Nationwide Fund Advisors boosted its position in shares of HomeStreet by 0.5% in the second quarter. Nationwide Fund Advisors now owns 159,125 shares of the company’s stock valued at $3,170,000 after buying an additional 743 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of HomeStreet by 1.3% in the second quarter. Bank of New York Mellon Corp now owns 99,700 shares of the company’s stock valued at $1,986,000 after buying an additional 1,317 shares in the last quarter. Institutional investors own 75.07% of the company’s stock.
Shares of HomeStreet, Inc. (NASDAQ:HMST) traded down 5.574% on Friday, hitting $29.225. 533,775 shares of the stock traded hands. HomeStreet, Inc. has a one year low of $18.58 and a one year high of $33.70. The company has a market cap of $725.83 million, a PE ratio of 10.885 and a beta of 0.08. The stock has a 50 day moving average of $31.53 and a 200 day moving average of $25.89.
HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, October 24th. The company reported $1.12 EPS for the quarter, beating the consensus estimate of $0.74 by $0.38. HomeStreet had a net margin of 11.77% and a return on equity of 12.89%. During the same period last year, the company posted $0.42 earnings per share. Equities analysts anticipate that HomeStreet, Inc. will post $2.74 earnings per share for the current year.
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HMST has been the topic of several analyst reports. Zacks Investment Research cut shares of HomeStreet from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 28th. FBR & Co cut shares of HomeStreet from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from $32.00 to $33.00 in a research note on Tuesday, December 20th. Finally, Sandler O’Neill cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research note on Monday, November 14th.
In related news, SVP Susan C. Greenwald sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $32.55, for a total transaction of $195,300.00. Following the completion of the transaction, the senior vice president now owns 5,455 shares in the company, valued at approximately $177,560.25. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 7.59% of the company’s stock.
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. Its operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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