HomeStreet Inc (NASDAQ:HMST) Director Mark Robert Patterson bought 13,000 shares of HomeStreet stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of $25.63 per share, with a total value of $333,190.00. Following the completion of the purchase, the director now owns 13,676 shares in the company, valued at approximately $350,515.88. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Mark Robert Patterson also recently made the following trade(s):

  • On Thursday, May 7th, Mark Robert Patterson purchased 3,424 shares of HomeStreet stock. The shares were purchased at an average cost of $22.96 per share, for a total transaction of $78,615.04.
  • On Tuesday, May 5th, Mark Robert Patterson purchased 2,252 shares of HomeStreet stock. The shares were purchased at an average cost of $22.96 per share, for a total transaction of $51,705.92.

Shares of NASDAQ HMST opened at $26.44 on Friday. HomeStreet Inc has a 1-year low of $18.44 and a 1-year high of $35.44. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.99 and a quick ratio of 0.96. The business’s fifty day moving average price is $23.83 and its two-hundred day moving average price is $25.49. The firm has a market capitalization of $600.34 million, a PE ratio of 11.01 and a beta of 1.01.

HomeStreet (NASDAQ:HMST) last issued its earnings results on Monday, July 27th. The financial services provider reported $0.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.50. HomeStreet had a return on equity of 8.19% and a net margin of 13.45%. The firm had revenue of $88.10 million for the quarter, compared to analyst estimates of $76.79 million. Equities research analysts expect that HomeStreet Inc will post 1.82 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Friday, August 7th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 2.27%. The ex-dividend date is Thursday, August 6th. HomeStreet’s dividend payout ratio is presently 35.29%.

Several research firms recently issued reports on HMST. Zacks Investment Research raised HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 9th. ValuEngine lowered HomeStreet from a “hold” rating to a “sell” rating in a research report on Tuesday. BidaskClub lowered HomeStreet from a “hold” rating to a “sell” rating in a research report on Thursday, June 25th. B. Riley dropped their price target on HomeStreet from $36.00 to $29.00 and set a “buy” rating on the stock in a research report on Monday, April 13th. Finally, Wedbush began coverage on HomeStreet in a research report on Wednesday, June 24th. They set a “neutral” rating and a $28.00 price target on the stock. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $29.67.

Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its position in HomeStreet by 71.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,320 shares of the financial services provider’s stock worth $52,000 after buying an additional 970 shares during the period. Advisor Group Holdings Inc. acquired a new position in shares of HomeStreet during the first quarter valued at $63,000. Nisa Investment Advisors LLC acquired a new position in shares of HomeStreet during the first quarter valued at $65,000. SG Americas Securities LLC increased its holdings in shares of HomeStreet by 23.1% during the first quarter. SG Americas Securities LLC now owns 7,326 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 1,376 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of HomeStreet during the fourth quarter valued at $285,000. 84.63% of the stock is currently owned by hedge funds and other institutional investors.

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 Pacific Northwest, California, and Hawaii. The company operates in two segments, Commercial and Consumer Banking, and Mortgage Banking.

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Insider Buying and Selling by Quarter for HomeStreet (NASDAQ:HMST)

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