American Century Companies Inc. lessened its holdings in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 27.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,933 shares of the financial services provider's stock after selling 48,020 shares during the period. American Century Companies Inc. owned about 0.68% of HomeStreet worth $1,502,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in shares of HomeStreet by 1,067.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 21,627 shares of the financial services provider's stock valued at $247,000 after purchasing an additional 19,775 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in shares of HomeStreet in the 1st quarter valued at about $300,000. Janney Montgomery Scott LLC purchased a new position in shares of HomeStreet in the 1st quarter valued at about $135,000. Bank of America Corp DE increased its stake in shares of HomeStreet by 15.3% in the 4th quarter. Bank of America Corp DE now owns 19,934 shares of the financial services provider's stock valued at $228,000 after purchasing an additional 2,643 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its stake in shares of HomeStreet by 50.0% in the 1st quarter. Hennessy Advisors Inc. now owns 105,000 shares of the financial services provider's stock valued at $1,233,000 after purchasing an additional 35,000 shares in the last quarter. Hedge funds and other institutional investors own 74.71% of the company's stock.
HomeStreet Price Performance
Shares of HomeStreet stock traded up $0.25 on Friday, hitting $13.87. The company's stock had a trading volume of 292,884 shares, compared to its average volume of 143,074. The company has a debt-to-equity ratio of 3.14, a quick ratio of 1.02 and a current ratio of 1.03. HomeStreet, Inc. has a 1 year low of $8.41 and a 1 year high of $16.10. The company has a market capitalization of $262.33 million, a price-to-earnings ratio of -1.87 and a beta of 1.40. The firm has a fifty day moving average price of $13.33 and a 200-day moving average price of $11.92.
HomeStreet (NASDAQ:HMST - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The financial services provider reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.21). HomeStreet had a negative return on equity of 3.92% and a negative net margin of 42.54%.The firm had revenue of $48.97 million during the quarter, compared to analyst estimates of $49.96 million. As a group, sell-side analysts anticipate that HomeStreet, Inc. will post 0.3 earnings per share for the current fiscal year.
HomeStreet Company Profile
(
Free Report)
HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services in the Western United States. The company offers personal and business checking, savings, interest-bearing negotiable order of withdrawal, and money market accounts, as well as certificates of deposit; credit cards; insurance; and treasury management services.
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