Brandywine Global Investment Management LLC lowered its stake in HomeStreet Inc (NASDAQ:HMST) by 7.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 422,141 shares of the financial services provider’s stock after selling 34,389 shares during the quarter. Brandywine Global Investment Management LLC owned about 1.57% of HomeStreet worth $12,221,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. First Interstate Bank raised its position in shares of HomeStreet by 34.2% during the 3rd quarter. First Interstate Bank now owns 7,500 shares of the financial services provider’s stock valued at $203,000 after buying an additional 1,910 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of HomeStreet during the 3rd quarter valued at about $233,000. LMR Partners LLP purchased a new stake in shares of HomeStreet during the 3rd quarter valued at about $242,000. Teacher Retirement System of Texas purchased a new stake in shares of HomeStreet during the 4th quarter valued at about $256,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of HomeStreet during the 3rd quarter valued at about $264,000. Hedge funds and other institutional investors own 79.73% of the company’s stock.
Shares of HomeStreet Inc (NASDAQ:HMST) opened at $30.95 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.05 and a quick ratio of 0.93. HomeStreet Inc has a 1 year low of $24.00 and a 1 year high of $32.60. The firm has a market cap of $833.84, a PE ratio of 18.42, a P/E/G ratio of 1.29 and a beta of 0.28.
A number of analysts recently weighed in on HMST shares. BidaskClub raised shares of HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods lowered shares of HomeStreet from an “outperform” rating to a “market perform” rating in a research report on Wednesday, January 24th. ValuEngine raised shares of HomeStreet from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 1st. B. Riley reissued a “neutral” rating on shares of HomeStreet in a research report on Friday, March 2nd. Finally, Zacks Investment Research raised shares of HomeStreet from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research report on Monday, January 1st. Seven equities research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.71.
In other HomeStreet news, CEO Mark K. Mason sold 6,934 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $29.53, for a total value of $204,761.02. Following the transaction, the chief executive officer now directly owns 131,293 shares in the company, valued at approximately $3,877,082.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Godfrey B. Evans sold 965 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $29.66, for a total transaction of $28,621.90. Following the completion of the transaction, the executive vice president now owns 23,783 shares in the company, valued at $705,403.78. The disclosure for this sale can be found here. Insiders sold a total of 8,631 shares of company stock worth $255,146 over the last 90 days. Insiders own 1.64% of the company’s stock.
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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.
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