JPMorgan Chase & Co. Reduces Position in HomeStreet Inc (HMST)
JPMorgan Chase & Co. lowered its stake in HomeStreet Inc (NASDAQ:HMST) by 3.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 151,600 shares of the financial services provider’s stock after selling 4,900 shares during the quarter. JPMorgan Chase & Co. owned 0.56% of HomeStreet worth $4,041,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of HMST. BlackRock Inc. raised its position in shares of HomeStreet by 6.8% during the 2nd quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock valued at $94,035,000 after purchasing an additional 215,443 shares during the period. Dimensional Fund Advisors LP raised its position in shares of HomeStreet by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,492 shares of the financial services provider’s stock valued at $61,286,000 after purchasing an additional 240,299 shares during the period. Vanguard Group Inc. raised its position in shares of HomeStreet by 8.9% during the 2nd quarter. Vanguard Group Inc. now owns 1,407,312 shares of the financial services provider’s stock valued at $38,947,000 after purchasing an additional 115,204 shares during the period. Victory Capital Management Inc. increased its holdings in HomeStreet by 17.0% in the 3rd quarter. Victory Capital Management Inc. now owns 950,244 shares of the financial services provider’s stock valued at $25,657,000 after acquiring an additional 138,154 shares during the last quarter. Finally, Alliancebernstein L.P. increased its holdings in HomeStreet by 13.1% in the 2nd quarter. Alliancebernstein L.P. now owns 824,562 shares of the financial services provider’s stock valued at $22,820,000 after acquiring an additional 95,620 shares during the last quarter. Institutional investors own 85.30% of the company’s stock.
HomeStreet Inc (NASDAQ HMST) opened at $28.85 on Wednesday. HomeStreet Inc has a 52 week low of $24.00 and a 52 week high of $32.50. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. The company has a market cap of $778.30, a PE ratio of 21.53, a P/E/G ratio of 1.33 and a beta of 0.23.
HomeStreet (NASDAQ:HMST) last announced its quarterly earnings data on Monday, October 23rd. The financial services provider reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. HomeStreet had a net margin of 6.68% and a return on equity of 6.08%. The company had revenue of $134.72 million during the quarter, compared to analyst estimates of $129.90 million. During the same quarter last year, the business posted $1.12 EPS. analysts predict that HomeStreet Inc will post 1.66 earnings per share for the current year.
HMST has been the topic of a number of research reports. Zacks Investment Research downgraded shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. BidaskClub cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research note on Thursday, December 14th. FBR & Co reissued a “hold” rating and issued a $30.00 price objective on shares of HomeStreet in a research note on Wednesday, October 25th. ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, B. Riley reissued a “neutral” rating on shares of HomeStreet in a research note on Wednesday, November 1st. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $30.06.
COPYRIGHT VIOLATION WARNING: “JPMorgan Chase & Co. Reduces Position in HomeStreet Inc (HMST)” was originally reported by Watch List News and is owned by of Watch List News. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.watchlistnews.com/jpmorgan-chase-co-reduces-position-in-homestreet-inc-hmst/1792643.html.
HomeStreet Company Profile
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.
Want to see what other hedge funds are holding HMST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HomeStreet Inc (NASDAQ:HMST).
Receive News & Ratings for HomeStreet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HomeStreet and related companies with Analyst Ratings Network's FREE daily email newsletter.