Crossmark Global Holdings Inc. Buys New Holdings in HomeStreet, Inc. (HMST)

Crossmark Global Holdings Inc. bought a new stake in HomeStreet, Inc. (NASDAQ:HMST) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 8,620 shares of the financial services provider’s stock, valued at approximately $233,000.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of HomeStreet in the second quarter valued at about $117,000. State of Alaska Department of Revenue raised its holdings in HomeStreet by 90.7% during the second quarter. State of Alaska Department of Revenue now owns 5,321 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 2,531 shares in the last quarter. First Interstate Bank raised its holdings in HomeStreet by 42.8% during the second quarter. First Interstate Bank now owns 5,590 shares of the financial services provider’s stock worth $155,000 after purchasing an additional 1,675 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in HomeStreet by 90.9% during the second quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 4,040 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in HomeStreet by 6.8% during the second quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the financial services provider’s stock worth $304,000 after purchasing an additional 700 shares in the last quarter. 85.33% of the stock is owned by institutional investors and hedge funds.

HomeStreet, Inc. (NASDAQ HMST) opened at $30.50 on Friday. The stock has a market cap of $820.09, a PE ratio of 20.89, a P/E/G ratio of 1.84 and a beta of 0.20. HomeStreet, Inc. has a 1-year low of $24.00 and a 1-year high of $33.70. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.10. HomeStreet had a net margin of 6.68% and a return on equity of 6.08%. The firm had revenue of $134.72 million during the quarter, compared to analysts’ expectations of $129.90 million. During the same period in the prior year, the company posted $1.12 earnings per share. analysts predict that HomeStreet, Inc. will post 1.66 EPS for the current fiscal year.

Several research analysts recently issued reports on HMST shares. Zacks Investment Research cut shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. FBR & Co reissued a “hold” rating and set a $30.00 price target on shares of HomeStreet in a report on Wednesday, October 25th. ValuEngine cut shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. BidaskClub cut shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, B. Riley reissued a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.08.

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About HomeStreet

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.

Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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