Campbell & CO Investment Adviser LLC Takes Position in HomeStreet, Inc. (NASDAQ:HMST)


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Campbell & CO Investment Adviser LLC acquired a new stake in shares of HomeStreet, Inc. (NASDAQ:HMST) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,246 shares of the financial services provider’s stock, valued at approximately $515,000.

A number of other large investors have also recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in HomeStreet during the 4th quarter valued at $427,000. Foundry Partners LLC increased its stake in shares of HomeStreet by 4.2% in the fourth quarter. Foundry Partners LLC now owns 170,330 shares of the financial services provider’s stock worth $5,749,000 after acquiring an additional 6,840 shares during the last quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income increased its stake in shares of HomeStreet by 21.4% in the fourth quarter. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income now owns 226,541 shares of the financial services provider’s stock worth $7,646,000 after acquiring an additional 39,866 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in shares of HomeStreet by 102.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 92,646 shares of the financial services provider’s stock worth $3,127,000 after acquiring an additional 46,885 shares during the last quarter. Finally, Arizona State Retirement System acquired a new position in shares of HomeStreet in the fourth quarter worth $222,000. 83.68% of the stock is currently owned by institutional investors.

HMST has been the subject of several research reports. Zacks Investment Research upgraded shares of HomeStreet from a “sell” rating to a “hold” rating in a research note on Monday, January 11th. B. Riley increased their target price on shares of HomeStreet from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, January 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $35.40.

NASDAQ:HMST opened at $43.18 on Tuesday. HomeStreet, Inc. has a 12-month low of $18.44 and a 12-month high of $43.48. The company has a quick ratio of 0.87, a current ratio of 0.94 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $940.81 million, a PE ratio of 15.93 and a beta of 1.06. The firm has a 50-day moving average price of $38.35 and a 200 day moving average price of $32.38.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Sunday, January 24th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.18. HomeStreet had a net margin of 16.89% and a return on equity of 10.39%. The firm had revenue of $100.03 million during the quarter, compared to analyst estimates of $87.05 million. On average, research analysts expect that HomeStreet, Inc. will post 3.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 24th. Stockholders of record on Tuesday, February 9th will be issued a dividend of $0.25 per share. This is a positive change from HomeStreet’s previous quarterly dividend of $0.15. The ex-dividend date is Monday, February 8th. This represents a $1.00 annualized dividend and a dividend yield of 2.32%. HomeStreet’s dividend payout ratio (DPR) is presently 58.82%.

In other news, EVP Godfrey B. Evans sold 14,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 3rd. The shares were sold at an average price of $38.34, for a total transaction of $536,760.00. Following the completion of the sale, the executive vice president now owns 95,006 shares of the company’s stock, valued at $3,642,530.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeffrey D. Green acquired 1,000 shares of the company’s stock in a transaction dated Monday, December 14th. The shares were purchased at an average cost of $33.00 per share, with a total value of $33,000.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 25,746 shares of company stock valued at $1,028,325. Company insiders own 3.62% of the company’s stock.

About HomeStreet

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 Western United States. The company offers deposit and insurance products, private banking and cash management services, and other banking services.

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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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