HomeStreet, Inc. (NASDAQ:HMST) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lessened its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST – Get Rating) by 6.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,792 shares of the financial services provider’s stock after selling 888 shares during the quarter. Texas Permanent School Fund owned about 0.07% of HomeStreet worth $369,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in HMST. Point72 Hong Kong Ltd acquired a new stake in shares of HomeStreet during the second quarter worth about $40,000. Lazard Asset Management LLC increased its stake in shares of HomeStreet by 213.1% during the second quarter. Lazard Asset Management LLC now owns 2,398 shares of the financial services provider’s stock worth $83,000 after buying an additional 1,632 shares during the period. Captrust Financial Advisors increased its stake in shares of HomeStreet by 52.0% during the first quarter. Captrust Financial Advisors now owns 2,573 shares of the financial services provider’s stock worth $122,000 after buying an additional 880 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of HomeStreet by 20.5% during the second quarter. Nisa Investment Advisors LLC now owns 3,645 shares of the financial services provider’s stock worth $126,000 after buying an additional 620 shares during the period. Finally, Quantbot Technologies LP purchased a new stake in shares of HomeStreet during the second quarter worth approximately $144,000. Institutional investors and hedge funds own 83.93% of the company’s stock.

HomeStreet Stock Performance

Shares of HomeStreet stock opened at $28.42 on Monday. The firm has a market capitalization of $532.11 million, a P/E ratio of 6.37 and a beta of 0.99. HomeStreet, Inc. has a 52 week low of $22.44 and a 52 week high of $57.40. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 3.24. The firm’s 50 day moving average is $27.04 and its two-hundred day moving average is $31.10.

HomeStreet (NASDAQ:HMST – Get Rating) last announced its quarterly earnings results on Monday, October 24th. The financial services provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.02 by $0.06. The company had revenue of $72.07 million for the quarter, compared to analyst estimates of $75.57 million. 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 firm posted $1.31 earnings per share. Research analysts forecast that HomeStreet, Inc. will post 3.8 EPS for the current fiscal year.

HomeStreet Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 22nd. Stockholders of record on Tuesday, November 8th were given a dividend of $0.35 per share. The ex-dividend date was Monday, November 7th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.93%. HomeStreet’s dividend payout ratio (DPR) is presently 31.39%.

Analysts Set New Price Targets

HMST has been the topic of a number of recent research reports. Piper Sandler cut their target price on shares of HomeStreet to $26.00 in a research note on Tuesday, November 1st. StockNews.com initiated coverage on shares of HomeStreet in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TheStreet lowered shares of HomeStreet from a “b-” rating to a “c+” rating in a research note on Monday, October 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.25.

HomeStreet Profile

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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.