Bank of New York Mellon Corp Has $809,000 Position in HomeStreet, Inc. (NASDAQ:HMST)

Bank of New York Mellon Corp increased its position in shares of HomeStreet, Inc. (NASDAQ:HMST) by 4.6% in the second quarter, Holdings Channel reports. The institutional investor owned 70,950 shares of the financial services provider’s stock after buying an additional 3,113 shares during the period. Bank of New York Mellon Corp’s holdings in HomeStreet were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HMST. EMC Capital Management raised its holdings in shares of HomeStreet by 16.2% in the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $130,000 after purchasing an additional 1,201 shares during the last quarter. Quest Partners LLC acquired a new stake in HomeStreet in the 4th quarter valued at $151,000. Neuberger Berman Group LLC bought a new stake in HomeStreet during the 4th quarter worth about $170,000. Price T Rowe Associates Inc. MD boosted its stake in shares of HomeStreet by 10.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider’s stock worth $218,000 after buying an additional 1,354 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of HomeStreet by 33.1% in the 4th quarter. BNP Paribas Financial Markets now owns 53,585 shares of the financial services provider’s stock valued at $552,000 after acquiring an additional 13,314 shares in the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

Insider Buying and Selling at HomeStreet

In other HomeStreet news, Director Paulette Lemon sold 2,401 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $15.59, for a total transaction of $37,431.59. Following the completion of the sale, the director now directly owns 16,923 shares of the company’s stock, valued at approximately $263,829.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. StockNews.com initiated coverage on HomeStreet in a research report on Sunday. They set a “sell” rating on the stock. Keefe, Bruyette & Woods boosted their target price on shares of HomeStreet from $13.50 to $14.50 and gave the stock a “market perform” rating in a report on Tuesday, July 30th. Finally, Janney Montgomery Scott upgraded shares of HomeStreet from a “neutral” rating to a “buy” rating and set a $13.50 price target for the company in a research note on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued 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 price target of $12.25.

HomeStreet Stock Down 2.9 %

Shares of NASDAQ:HMST opened at $14.85 on Monday. HomeStreet, Inc. has a 52-week low of $4.20 and a 52-week high of $16.10. The company has a market capitalization of $280.04 million, a PE ratio of -6.97 and a beta of 1.37. The company has a debt-to-equity ratio of 4.06, a quick ratio of 1.14 and a current ratio of 1.14. The company has a fifty day moving average of $14.65 and a 200-day moving average of $12.79.

HomeStreet (NASDAQ:HMST) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.01. The firm had revenue of $114.35 million for the quarter, compared to analyst estimates of $43.33 million. HomeStreet had a negative return on equity of 1.87% and a negative net margin of 3.30%. On average, equities analysts predict that HomeStreet, Inc. will post -0.87 EPS for the current fiscal year.

HomeStreet Company Profile

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.