Lazard Asset Management LLC Acquires 1,632 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Lazard Asset Management LLC boosted its holdings in HomeStreet, Inc. (NASDAQ:HMSTGet Rating) by 213.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,398 shares of the financial services provider’s stock after buying an additional 1,632 shares during the quarter. Lazard Asset Management LLC’s holdings in HomeStreet were worth $83,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. State Street Corp raised its holdings in HomeStreet by 28.3% during the 1st quarter. State Street Corp now owns 1,092,200 shares of the financial services provider’s stock worth $51,748,000 after purchasing an additional 240,973 shares during the last quarter. Victory Capital Management Inc. raised its holdings in HomeStreet by 554.2% during the 1st quarter. Victory Capital Management Inc. now owns 217,178 shares of the financial services provider’s stock worth $9,040,000 after purchasing an additional 183,978 shares during the last quarter. Hsbc Holdings PLC raised its holdings in HomeStreet by 836.4% during the 1st quarter. Hsbc Holdings PLC now owns 67,499 shares of the financial services provider’s stock worth $3,208,000 after purchasing an additional 60,291 shares during the last quarter. Federated Hermes Inc. raised its holdings in HomeStreet by 19.4% during the 1st quarter. Federated Hermes Inc. now owns 298,771 shares of the financial services provider’s stock worth $14,156,000 after purchasing an additional 48,460 shares during the last quarter. Finally, LSV Asset Management raised its holdings in HomeStreet by 4.8% during the 1st quarter. LSV Asset Management now owns 838,675 shares of the financial services provider’s stock worth $39,736,000 after purchasing an additional 38,783 shares during the last quarter. Institutional investors own 87.69% of the company’s stock.

HomeStreet Stock Performance

NASDAQ HMST opened at $26.77 on Thursday. The company has a fifty day simple moving average of $28.71 and a 200 day simple moving average of $33.93. HomeStreet, Inc. has a 12-month low of $22.44 and a 12-month high of $57.40. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 3.24. The company has a market cap of $501.21 million, a P/E ratio of 6.00 and a beta of 1.02.

HomeStreet (NASDAQ:HMSTGet Rating) last posted its quarterly earnings results on Monday, October 24th. The financial services provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.02 by $0.06. HomeStreet had a net margin of 25.58% and a return on equity of 14.28%. During the same period in the prior year, the company posted $1.31 earnings per share. Sell-side analysts predict that HomeStreet, Inc. will post 3.77 earnings per share for the current fiscal year.

HomeStreet Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 22nd. Investors of record on Tuesday, November 8th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.23%. The ex-dividend date was Monday, November 7th. HomeStreet’s payout ratio is currently 31.39%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HMST shares. StockNews.com started coverage on shares of HomeStreet in a research report on Wednesday, October 12th. They set a “hold” rating for the company. TheStreet downgraded shares of HomeStreet from a “b-” rating to a “c+” rating in a research report on Monday, October 31st. Piper Sandler reduced their price objective on shares of HomeStreet to $26.00 in a research report on Tuesday, November 1st. Finally, DA Davidson reduced their price objective on shares of HomeStreet to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.25.

About HomeStreet

(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.

See Also

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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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