Trexquant Investment LP Increases Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

Trexquant Investment LP raised its position in shares of HomeStreet, Inc. (NASDAQ:HMSTGet Rating) by 31.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,651 shares of the financial services provider’s stock after buying an additional 4,715 shares during the quarter. Trexquant Investment LP owned about 0.11% of HomeStreet worth $681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. State Street Corp lifted its position in HomeStreet by 28.3% during the first quarter. State Street Corp now owns 1,092,200 shares of the financial services provider’s stock valued at $51,748,000 after buying an additional 240,973 shares during the period. LSV Asset Management lifted its position in HomeStreet by 4.8% during the first quarter. LSV Asset Management now owns 838,675 shares of the financial services provider’s stock valued at $39,736,000 after buying an additional 38,783 shares during the period. Federated Hermes Inc. lifted its position in HomeStreet by 19.4% during the first quarter. Federated Hermes Inc. now owns 298,771 shares of the financial services provider’s stock valued at $14,156,000 after buying an additional 48,460 shares during the period. Kennedy Capital Management Inc. lifted its position in HomeStreet by 53.9% during the second quarter. Kennedy Capital Management Inc. now owns 298,762 shares of the financial services provider’s stock valued at $10,358,000 after buying an additional 104,649 shares during the period. Finally, Victory Capital Management Inc. lifted its position in HomeStreet by 554.2% during the first quarter. Victory Capital Management Inc. now owns 217,178 shares of the financial services provider’s stock valued at $9,040,000 after buying an additional 183,978 shares during the period. Hedge funds and other institutional investors own 87.69% of the company’s stock.

Wall Street Analyst Weigh In

HMST has been the subject of several analyst reports. TheStreet downgraded HomeStreet from a “b-” rating to a “c+” rating in a report on Monday, October 31st. Piper Sandler reduced their price target on HomeStreet to $26.00 in a report on Tuesday, November 1st. Finally, StockNews.com initiated coverage on HomeStreet in a report on Wednesday, October 12th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $37.25.

HomeStreet Price Performance

Shares of NASDAQ:HMST opened at $26.77 on Friday. HomeStreet, Inc. has a 1-year low of $22.44 and a 1-year high of $57.40. The business has a fifty day moving average price of $28.56 and a 200-day moving average price of $33.88. The company has a market capitalization of $501.13 million, a PE ratio of 6.00 and a beta of 1.02. The company has a debt-to-equity ratio of 3.24, a current ratio of 1.08 and a quick ratio of 1.08.

HomeStreet (NASDAQ:HMSTGet Rating) last released its quarterly earnings data on Monday, October 24th. The financial services provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.02 by $0.06. HomeStreet had a return on equity of 14.28% and a net margin of 25.58%. During the same period in the prior year, the business posted $1.31 earnings per share. As a group, equities analysts expect that HomeStreet, Inc. will post 3.77 EPS for the current fiscal year.

HomeStreet Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th were issued a $0.35 dividend. The ex-dividend date was Monday, November 7th. This represents a $1.40 annualized dividend and a yield of 5.23%. HomeStreet’s payout ratio is 31.39%.

About HomeStreet

(Get Rating)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services.

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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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