1 day Ago By Defense World Staff
Arrowstreet Capital Limited Partnership grew its stake in HomeStreet, Inc. (NASDAQ:HMST – Free Report) by 89.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The institutional investor owned 67,711 shares of the financial services provider’s stock after buying an additional 31,895 shares during the period. Arrowstreet Capital Limited Partnership owned 0.36% of HomeStreet worth $773,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the stock. Wellington Management Group LLP boosted its stake in HomeStreet by 494.0% in the third quarter.
Wellington Management Group LLP now owns 670,926 shares of the financial services provider’s stock valued at $10,574,000 after acquiring an additional 557,977 shares in the last quarter. Barclays PLC boosted its position in shares of HomeStreet by 276.4% in the 3rd quarter.
Barclays PLC now owns 23,937 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 17,578 shares during the period. Proficio Capital Partners LLC purchased a new position in HomeStreet during the 4th quarter worth approximately $214,000. JPMorgan Chase & Co.
increased its position in HomeStreet by 113.0% during the third quarter. JPMorgan Chase & Co.
now owns 23,814 shares of the financial services provider’s stock worth $375,000 after buying an additional 12,632 shares during the period. Finally, Geode Capital Management LLC lifted its stake in HomeStreet by 1.9% in the third quarter.
Geode Capital Management LLC now owns 426,130 shares of the financial services provider’s stock valued at $6,717,000 after buying an additional 7,898 shares during the last quarter. 74.71% of the stock is owned by hedge funds and other institutional investors.
HomeStreet Stock Up 0.1 %Shares of HomeStreet stock opened at $10.57 on Friday.
HomeStreet, Inc. has a one year low of $8.09 and a one year high of $16.
10. The company has a market cap of $199.99 million, a P/E ratio of -1.
38 and a beta of 1.33. The company has a debt-to-equity ratio of 3.
09, a quick ratio of 1.02 and a current ratio of 1.02.
The firm has a fifty day moving average of $10.03 and a two-hundred day moving average of $11.26.
HomeStreet (NASDAQ:HMST – Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.
22) by ($0.05). HomeStreet had a negative net margin of 40.
30% and a negative return on equity of 4.23%. On average, analysts forecast that HomeStreet, Inc.
will post 0.3 earnings per share for the current year. Analyst Ratings ChangesA number of equities analysts have recently commented on HMST shares.
Wedbush lifted their target price on shares of HomeStreet from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Thursday, December 19th.
Janney Montgomery Scott upgraded shares of HomeStreet from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 1st. Finally, Piper Sandler increased their target price on shares of HomeStreet from $10.00 to $14.
00 and gave the stock a “neutral” rating in a research note on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $14.
25.Check Out Our Latest Analysis on HomeStreetAbout HomeStreet (Free Report)HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.
Read MoreFive stocks we like better than HomeStreetStock Sentiment Analysis: How it WorksRobinhood Strategies Could Be a Game-Changer for Young InvestorsHow to Calculate Stock Profit Are These 3 Retail Stocks Oversold or Really in Trouble?What Are Growth Stocks and Investing in Them IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are Ahead.
