18,075 Shares in HomeStreet Inc (NASDAQ:HMST) Acquired by Marshall Wace North America L.P.

Marshall Wace North America L.P. acquired a new position in shares of HomeStreet Inc (NASDAQ:HMST) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,075 shares of the financial services provider’s stock, valued at approximately $476,000. Marshall Wace North America L.P. owned about 0.07% of HomeStreet as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HMST. BlackRock Inc. raised its holdings in shares of HomeStreet by 2.4% in the fourth quarter. BlackRock Inc. now owns 3,968,609 shares of the financial services provider’s stock worth $84,253,000 after acquiring an additional 91,856 shares during the last quarter. Boston Partners increased its stake in HomeStreet by 27.5% in the first quarter. Boston Partners now owns 1,013,316 shares of the financial services provider’s stock valued at $26,701,000 after purchasing an additional 218,387 shares during the last quarter. Northern Trust Corp increased its stake in HomeStreet by 1.1% in the fourth quarter. Northern Trust Corp now owns 485,516 shares of the financial services provider’s stock valued at $10,309,000 after purchasing an additional 5,230 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in HomeStreet by 18.0% in the first quarter. Kennedy Capital Management Inc. now owns 374,816 shares of the financial services provider’s stock valued at $9,876,000 after purchasing an additional 57,117 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in HomeStreet by 6.8% in the fourth quarter. Geode Capital Management LLC now owns 303,797 shares of the financial services provider’s stock valued at $6,449,000 after purchasing an additional 19,348 shares during the last quarter. 81.63% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ HMST traded down $0.24 on Thursday, hitting $27.79. The company had a trading volume of 234,295 shares, compared to its average volume of 170,223. HomeStreet Inc has a 12-month low of $20.50 and a 12-month high of $31.96. The company has a 50 day moving average price of $29.70. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.03 and a quick ratio of 1.02. The firm has a market cap of $764.27 million, a price-to-earnings ratio of 18.78, a P/E/G ratio of 2.21 and a beta of 0.67.

HomeStreet (NASDAQ:HMST) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). HomeStreet had a return on equity of 5.87% and a net margin of 7.02%. The company had revenue of $55.65 million during the quarter, compared to analysts’ expectations of $102.33 million. During the same period in the previous year, the company earned $0.21 EPS. Equities research analysts predict that HomeStreet Inc will post 1.83 EPS for the current year.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded HENKEL AG & CO/S from a “sell” rating to a “hold” rating in a research note on Thursday, June 6th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Sandler O’Neill upgraded HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research note on Friday, April 5th. BidaskClub raised WhiteHorse Finance from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, TheStreet downgraded UDR from a “b” rating to a “c” rating in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.88.

In other news, Director Sandra A. Cavanaugh acquired 5,000 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were purchased at an average price of $28.67 per share, for a total transaction of $143,350.00. Following the completion of the purchase, the director now directly owns 6,107 shares of the company’s stock, valued at approximately $175,087.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amen Darrell Van acquired 2,000 shares of the business’s stock in a transaction on Wednesday, June 12th. The shares were purchased at an average price of $30.75 per share, for a total transaction of $61,500.00. Following the purchase, the executive vice president now directly owns 38,858 shares of the company’s stock, valued at $1,194,883.50. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 9,000 shares of company stock worth $261,590. Insiders own 1.64% of the company’s stock.

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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