HomeStreet, Inc. (HMST) Shares Bought by Nordea Investment Management AB
Nordea Investment Management AB boosted its stake in shares of HomeStreet, Inc. (NASDAQ:HMST) by 29.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,154 shares of the financial services provider’s stock after acquiring an additional 16,570 shares during the period. Nordea Investment Management AB owned 0.27% of HomeStreet worth $1,997,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Swiss National Bank increased its holdings in HomeStreet by 4.2% in the 1st quarter. Swiss National Bank now owns 34,900 shares of the financial services provider’s stock valued at $975,000 after acquiring an additional 1,400 shares during the last quarter. Stifel Financial Corp lifted its stake in HomeStreet by 28.1% in the 1st quarter. Stifel Financial Corp now owns 55,100 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 12,100 shares in the last quarter. Comerica Bank lifted its stake in HomeStreet by 13.3% in the 1st quarter. Comerica Bank now owns 28,119 shares of the financial services provider’s stock worth $754,000 after purchasing an additional 3,291 shares in the last quarter. State of Tennessee Treasury Department lifted its stake in HomeStreet by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 21,812 shares of the financial services provider’s stock worth $610,000 after purchasing an additional 3,292 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in HomeStreet by 90.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 4,040 shares in the last quarter. 83.89% of the stock is owned by institutional investors.
Several research analysts have commented on HMST shares. BidaskClub lowered HomeStreet from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. FIG Partners reiterated a “market perform” rating and issued a $26.25 target price (down from $29.25) on shares of HomeStreet in a research report on Thursday, July 27th. Finally, FBR & Co reiterated a “hold” rating on shares of HomeStreet in a research report on Tuesday. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.56.
Shares of HomeStreet, Inc. (NASDAQ HMST) opened at 28.10 on Wednesday. The company has a market cap of $755.44 million, a PE ratio of 14.60 and a beta of 0.06. The company has a 50-day moving average of $25.43 and a 200 day moving average of $26.65. HomeStreet, Inc. has a 12 month low of $24.00 and a 12 month high of $33.70.
HomeStreet (NASDAQ:HMST) last announced its earnings results on Monday, July 24th. The financial services provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.18). HomeStreet had a net margin of 8.89% and a return on equity of 8.10%. The firm had revenue of $127.88 million for the quarter, compared to analyst estimates of $143.41 million. During the same period in the previous year, the company earned $0.90 EPS. On average, analysts anticipate that HomeStreet, Inc. will post $1.57 earnings per share for the current year.
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. The Company’s operating segments include Commercial and Consumer Banking, and Mortgage Banking.
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