Dynamic Technology Lab Private Ltd Purchases New Holdings in HomeStreet Inc (NASDAQ:HMST)

Dynamic Technology Lab Private Ltd purchased a new stake in HomeStreet Inc (NASDAQ:HMST) during the third quarter, according to its most recent filing with the SEC. The firm purchased 9,794 shares of the financial services provider’s stock, valued at approximately $264,000.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of HomeStreet by 6.8% during the 2nd quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock worth $94,035,000 after acquiring an additional 215,443 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in HomeStreet by 12.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,214,492 shares of the financial services provider’s stock valued at $61,286,000 after purchasing an additional 240,299 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of HomeStreet by 8.9% during the second quarter. Vanguard Group Inc. now owns 1,407,312 shares of the financial services provider’s stock worth $38,947,000 after buying an additional 115,204 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of HomeStreet by 17.0% during the third quarter. Victory Capital Management Inc. now owns 950,244 shares of the financial services provider’s stock worth $25,657,000 after buying an additional 138,154 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of HomeStreet by 13.1% during the second quarter. Alliancebernstein L.P. now owns 824,562 shares of the financial services provider’s stock worth $22,820,000 after buying an additional 95,620 shares in the last quarter. Institutional investors and hedge funds own 85.33% of the company’s stock.

A number of research analysts recently commented on the company. FBR & Co reaffirmed a “hold” rating and issued a $30.00 price target on shares of HomeStreet in a research note on Wednesday, October 25th. Zacks Investment Research upgraded HomeStreet from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine upgraded HomeStreet from a “hold” rating to a “buy” rating in a research report on Tuesday, September 26th. BidaskClub cut HomeStreet from a “buy” rating to a “hold” rating in a report on Thursday. Finally, B. Riley restated a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.08.

HomeStreet Inc (NASDAQ:HMST) opened at $28.55 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.87 and a quick ratio of 0.73. The stock has a market capitalization of $772.93, a price-to-earnings ratio of 19.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.23. HomeStreet Inc has a 12 month low of $24.00 and a 12 month high of $33.00.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings results on Monday, October 23rd. The financial services provider reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.10. The company had revenue of $134.72 million during the quarter, compared to the consensus estimate of $129.90 million. HomeStreet had a return on equity of 6.08% and a net margin of 6.68%. During the same quarter in the prior year, the company earned $1.12 EPS. equities research analysts expect that HomeStreet Inc will post 1.66 earnings per share for the current fiscal year.

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HomeStreet Company Profile

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.

Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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