HomeStreet Inc (HMST) Holdings Boosted by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans raised its holdings in HomeStreet Inc (NASDAQ:HMST) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 19,287 shares of the financial services provider’s stock after buying an additional 424 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of HomeStreet worth $409,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Municipal Employees Retirement System of Michigan bought a new stake in shares of HomeStreet in the 4th quarter worth $166,000. Metropolitan Life Insurance Co. NY lifted its position in HomeStreet by 358.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,930 shares of the financial services provider’s stock valued at $190,000 after purchasing an additional 6,983 shares in the last quarter. Bank of America Corp DE lifted its position in HomeStreet by 5.1% during the fourth quarter. Bank of America Corp DE now owns 79,190 shares of the financial services provider’s stock valued at $1,681,000 after purchasing an additional 3,834 shares in the last quarter. Principal Financial Group Inc. lifted its position in HomeStreet by 0.6% during the fourth quarter. Principal Financial Group Inc. now owns 219,137 shares of the financial services provider’s stock valued at $4,652,000 after purchasing an additional 1,242 shares in the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new position in HomeStreet during the fourth quarter valued at $252,000. 80.88% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently weighed in on HMST. Zacks Investment Research upgraded HomeStreet from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. DA Davidson boosted their price objective on HomeStreet to $32.00 and gave the company a “positive” rating in a research report on Monday, April 8th. BidaskClub raised HomeStreet from a “sell” rating to a “hold” rating in a research note on Friday, April 5th. FIG Partners raised HomeStreet from a “market perform” rating to an “outperform” rating in a research note on Friday, April 5th. Finally, Sandler O’Neill raised HomeStreet from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research note on Friday, April 5th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $30.17.

HomeStreet stock opened at $27.95 on Tuesday. HomeStreet Inc has a twelve month low of $20.50 and a twelve month high of $31.55. The company has a quick ratio of 0.98, a current ratio of 1.04 and a debt-to-equity ratio of 1.43. The firm has a market cap of $766.11 million, a price-to-earnings ratio of 18.89, a P/E/G ratio of 3.11 and a beta of 0.72.

HomeStreet (NASDAQ:HMST) last released its earnings results on Tuesday, January 22nd. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. HomeStreet had a return on equity of 5.61% and a net margin of 7.88%. The firm had revenue of $100.00 million for the quarter, compared to the consensus estimate of $103.76 million. During the same period in the prior year, the firm earned $0.42 EPS. Analysts anticipate that HomeStreet Inc will post 1.3 earnings per share for the current fiscal year.

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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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