Quantamental Technologies LLC Acquires New Stake in HomeStreet Inc (NASDAQ:HMST)

Quantamental Technologies LLC acquired a new stake in HomeStreet Inc (NASDAQ:HMST) during the second quarter, according to its most recent filing with the SEC. The firm acquired 2,047 shares of the financial services provider’s stock, valued at approximately $61,000.

A number of other large investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its position in HomeStreet by 14.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,197,765 shares of the financial services provider’s stock valued at $65,132,000 after buying an additional 270,958 shares during the last quarter. Investment Counselors of Maryland LLC grew its position in HomeStreet by 1.0% in the 2nd quarter. Investment Counselors of Maryland LLC now owns 792,269 shares of the financial services provider’s stock valued at $23,483,000 after buying an additional 8,125 shares during the last quarter. Kennedy Capital Management Inc. grew its position in HomeStreet by 18.0% in the 1st quarter. Kennedy Capital Management Inc. now owns 374,816 shares of the financial services provider’s stock valued at $9,876,000 after buying an additional 57,117 shares during the last quarter. Wells Fargo & Company MN grew its position in HomeStreet by 71.4% in the 2nd quarter. Wells Fargo & Company MN now owns 316,659 shares of the financial services provider’s stock valued at $9,385,000 after buying an additional 131,866 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in HomeStreet by 22.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 188,957 shares of the financial services provider’s stock valued at $5,495,000 after buying an additional 34,882 shares during the last quarter. Hedge funds and other institutional investors own 89.12% of the company’s stock.

HMST stock traded up $0.47 during trading on Friday, hitting $28.93. The company had a trading volume of 857 shares, compared to its average volume of 176,427. The firm has a market capitalization of $679.47 million, a price-to-earnings ratio of 19.47 and a beta of 0.68. The business has a 50 day moving average of $27.04 and a 200 day moving average of $28.04. HomeStreet Inc has a fifty-two week low of $20.50 and a fifty-two week high of $31.96. The company has a current ratio of 0.96, a quick ratio of 0.94 and a debt-to-equity ratio of 0.76.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, July 22nd. The financial services provider reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.41). The company had revenue of $69.02 million during the quarter, compared to analyst estimates of $65.59 million. HomeStreet had a return on equity of 4.74% and a net margin of 4.74%. During the same period in the previous year, the company earned $0.46 EPS. As a group, equities analysts predict that HomeStreet Inc will post 1.21 EPS for the current year.

HMST has been the topic of several research analyst reports. TheStreet lowered shares of HomeStreet from a “b” rating to a “c+” rating in a research report on Monday, August 12th. BidaskClub lowered shares of HomeStreet from a “hold” rating to a “sell” rating in a research note on Saturday, September 7th. DA Davidson upgraded shares of HomeStreet from an “underperform” rating to a “neutral” rating and set a $27.00 target price for the company in a research note on Friday, August 16th. Finally, Zacks Investment Research downgraded shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. HomeStreet currently has an average rating of “Hold” and an average price target of $31.50.

In related news, EVP Godfrey B. Evans acquired 1,000 shares of the business’s stock in a transaction on Thursday, July 25th. The shares were purchased at an average price of $28.48 per share, for a total transaction of $28,480.00. Following the acquisition, the executive vice president now owns 46,432 shares in the company, valued at $1,322,383.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.64% of the stock is currently owned by insiders.

HomeStreet Profile

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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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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