HomeStreet, Inc. (NASDAQ:HMST) Director Mark Robert Patterson Buys 7,000 Shares of Stock

HomeStreet, Inc. (NASDAQ:HMSTGet Rating) Director Mark Robert Patterson acquired 7,000 shares of the company’s stock in a transaction that occurred on Monday, May 16th. The shares were acquired at an average cost of $38.58 per share, with a total value of $270,060.00. Following the purchase, the director now owns 192,000 shares in the company, valued at approximately $7,407,360. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mark Robert Patterson also recently made the following trade(s):

  • On Friday, May 13th, Mark Robert Patterson purchased 20,000 shares of HomeStreet stock. The stock was purchased at an average cost of $39.46 per share, with a total value of $789,200.00.

Shares of HMST stock opened at $38.75 on Tuesday. The firm’s 50 day moving average price is $45.42 and its 200-day moving average price is $49.13. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.92 and a current ratio of 0.93. HomeStreet, Inc. has a one year low of $36.20 and a one year high of $57.40. The firm has a market cap of $724.78 million, a P/E ratio of 7.57 and a beta of 1.03.

HomeStreet (NASDAQ:HMSTGet Rating) last issued its quarterly earnings data on Monday, April 25th. The financial services provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.95 by $0.06. HomeStreet had a net margin of 31.04% and a return on equity of 15.46%. During the same period last year, the company posted $1.35 EPS. As a group, research analysts predict that HomeStreet, Inc. will post 4.26 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Tuesday, May 10th will be issued a dividend of $0.35 per share. The ex-dividend date is Monday, May 9th. This represents a $1.40 dividend on an annualized basis and a yield of 3.61%. HomeStreet’s dividend payout ratio (DPR) is presently 27.34%.

Institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP lifted its holdings in HomeStreet by 55.2% during the 4th quarter. Royce & Associates LP now owns 20,115 shares of the financial services provider’s stock worth $1,046,000 after buying an additional 7,158 shares in the last quarter. Denali Advisors LLC lifted its holdings in HomeStreet by 844.4% during the 4th quarter. Denali Advisors LLC now owns 8,500 shares of the financial services provider’s stock worth $442,000 after buying an additional 7,600 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of HomeStreet by 19.7% in the 4th quarter. Fisher Asset Management LLC now owns 23,132 shares of the financial services provider’s stock valued at $1,203,000 after purchasing an additional 3,801 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of HomeStreet by 2.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 44,496 shares of the financial services provider’s stock valued at $1,831,000 after purchasing an additional 854 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of HomeStreet by 1,093.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 181,885 shares of the financial services provider’s stock valued at $9,458,000 after purchasing an additional 166,645 shares in the last quarter. Institutional investors own 92.87% of the company’s stock.

Several research firms have recently weighed in on HMST. Piper Sandler cut shares of HomeStreet from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $52.00 to $40.00 in a research note on Thursday, May 5th. Zacks Investment Research cut shares of HomeStreet from a “buy” rating to a “hold” rating in a research note on Friday, April 29th. B. Riley dropped their price target on shares of HomeStreet from $60.00 to $55.00 in a research note on Tuesday, April 12th. Finally, StockNews.com began coverage on shares of HomeStreet in a research note on Thursday, March 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $52.50.

HomeStreet Company Profile (Get Rating)

HomeStreet, Inc operates as the bank holding company for HomeStreet Bank that provides commercial, mortgage, and consumer/retail banking services primarily in the Western United States. The company offers personal and business checking, savings accounts, interest-bearing negotiable order of withdrawal accounts, money market accounts, and time certificates of deposit; credit cards; insurance; and treasury management products and services.

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