Context BH Capital Management LP Has $5.26 Million Holdings in HomeStreet, Inc. (HMST)

Context BH Capital Management LP lifted its position in HomeStreet, Inc. (NASDAQ:HMST) by 15.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 194,876 shares of the financial services provider’s stock after purchasing an additional 26,209 shares during the quarter. HomeStreet accounts for approximately 1.7% of Context BH Capital Management LP’s holdings, making the stock its 19th biggest holding. Context BH Capital Management LP owned approximately 0.72% of HomeStreet worth $5,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in shares of HomeStreet by 20.5% in the 2nd quarter. Wells Fargo & Company MN now owns 100,112 shares of the financial services provider’s stock worth $2,771,000 after purchasing an additional 17,023 shares during the last quarter. Swiss National Bank grew its holdings in shares of HomeStreet by 21.5% in the 2nd quarter. Swiss National Bank now owns 42,400 shares of the financial services provider’s stock worth $1,173,000 after purchasing an additional 7,500 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of HomeStreet by 90.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,483 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 4,040 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of HomeStreet by 2.1% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 63,700 shares of the financial services provider’s stock worth $1,763,000 after purchasing an additional 1,300 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of HomeStreet by 6.8% in the 2nd quarter. BlackRock Inc. now owns 3,397,800 shares of the financial services provider’s stock worth $94,035,000 after purchasing an additional 215,443 shares during the last quarter. 81.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of HomeStreet, Inc. (NASDAQ:HMST) traded up $0.20 during midday trading on Monday, reaching $28.10. 84,600 shares of the company traded hands, compared to its average volume of 238,413. The firm has a market cap of $755.45, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 1.70 and a beta of 0.20. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 0.19. HomeStreet, Inc. has a 1-year low of $24.00 and a 1-year high of $33.70.

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

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Several research firms have recently weighed in on HMST. B. Riley reaffirmed a “neutral” rating on shares of HomeStreet in a report on Wednesday, November 1st. BidaskClub lowered shares of HomeStreet from a “hold” rating to a “sell” rating in a report on Monday, August 7th. FBR & Co reaffirmed a “hold” rating and issued a $30.00 target price on shares of HomeStreet in a report on Wednesday, October 25th. ValuEngine lowered shares of HomeStreet from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of HomeStreet from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $29.08.

About HomeStreet

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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Institutional Ownership by Quarter for HomeStreet (NASDAQ:HMST)

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