State of New Jersey Common Pension Fund D Sells 4,534 Shares of HomeStreet, Inc. (NASDAQ:HMST)

State of New Jersey Common Pension Fund D lessened its stake in shares of HomeStreet, Inc. (NASDAQ:HMSTGet Rating) by 8.5% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 48,872 shares of the financial services provider’s stock after selling 4,534 shares during the period. State of New Jersey Common Pension Fund D owned 0.26% of HomeStreet worth $2,316,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of HMST. Invesco Ltd. grew its holdings in HomeStreet by 92.6% during the fourth quarter. Invesco Ltd. now owns 367,834 shares of the financial services provider’s stock valued at $19,128,000 after purchasing an additional 176,884 shares during the period. Assenagon Asset Management S.A. grew its holdings in HomeStreet by 1,093.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 181,885 shares of the financial services provider’s stock valued at $9,458,000 after purchasing an additional 166,645 shares during the period. Nuveen Asset Management LLC grew its holdings in HomeStreet by 27.7% during the fourth quarter. Nuveen Asset Management LLC now owns 586,092 shares of the financial services provider’s stock valued at $30,477,000 after purchasing an additional 127,077 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in HomeStreet during the fourth quarter valued at about $3,867,000. Finally, Bank of America Corp DE grew its holdings in HomeStreet by 149.8% during the fourth quarter. Bank of America Corp DE now owns 106,857 shares of the financial services provider’s stock valued at $5,556,000 after purchasing an additional 64,077 shares during the period. Institutional investors own 92.87% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on HMST shares. Wedbush boosted their price objective on HomeStreet to $43.00 in a research report on Tuesday, July 26th. B. Riley downgraded HomeStreet from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $55.00 to $43.00 in a research report on Tuesday, June 14th. DA Davidson lowered their price objective on HomeStreet to $37.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Finally, Piper Sandler lowered their price objective on HomeStreet to $36.00 in a research report on Monday, July 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $39.75.

Insider Buying and Selling at HomeStreet

In related news, EVP Amen Darrell Van acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, May 24th. The shares were acquired at an average cost of $39.25 per share, for a total transaction of $39,250.00. Following the completion of the transaction, the executive vice president now directly owns 3,000 shares in the company, valued at approximately $117,750. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other HomeStreet news, Director Mark Robert Patterson bought 5,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were purchased at an average price of $34.15 per share, with a total value of $170,750.00. Following the completion of the purchase, the director now owns 217,000 shares in the company, valued at approximately $7,410,550. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Amen Darrell Van bought 1,000 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were acquired at an average cost of $39.25 per share, for a total transaction of $39,250.00. Following the purchase, the executive vice president now owns 3,000 shares of the company’s stock, valued at approximately $117,750. The disclosure for this purchase can be found here. Insiders have purchased a total of 51,000 shares of company stock worth $1,913,660 over the last ninety days. Company insiders own 4.80% of the company’s stock.

HomeStreet Price Performance

NASDAQ:HMST opened at $36.19 on Thursday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $676.90 million, a P/E ratio of 7.72 and a beta of 1.06. HomeStreet, Inc. has a 12 month low of $33.76 and a 12 month high of $57.40. The business’s 50-day moving average is $36.64 and its 200 day moving average is $43.42.

HomeStreet (NASDAQ:HMSTGet Rating) last posted its earnings results on Monday, July 25th. The financial services provider reported $0.94 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.04). The firm had revenue of $73.07 million during the quarter, compared to analysts’ expectations of $78.02 million. HomeStreet had a return on equity of 14.46% and a net margin of 28.50%. During the same quarter in the prior year, the firm posted $1.37 earnings per share. On average, equities research analysts forecast that HomeStreet, Inc. will post 4.16 earnings per share for the current fiscal year.

HomeStreet Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $1.40 dividend on an annualized basis and a yield of 3.87%. HomeStreet’s dividend payout ratio (DPR) is presently 29.85%.

HomeStreet Company Profile

(Get Rating)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services.

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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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