Nuveen Asset Management LLC Acquires 6,069 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Nuveen Asset Management LLC grew its position in HomeStreet, Inc. (NASDAQ:HMST – Get Rating) by 1.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 482,691 shares of the financial services provider’s stock after buying an additional 6,069 shares during the period. Nuveen Asset Management LLC owned 2.58% of HomeStreet worth $13,906,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Hsbc Holdings PLC increased its stake in shares of HomeStreet by 152.1% in the 3rd quarter. Hsbc Holdings PLC now owns 28,614 shares of the financial services provider’s stock valued at $840,000 after buying an additional 17,264 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of HomeStreet by 15.5% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 24,096 shares of the financial services provider’s stock valued at $694,000 after buying an additional 3,236 shares during the period. North Reef Capital Management LP acquired a new stake in shares of HomeStreet in the 3rd quarter valued at $4,242,000. Credit Suisse AG increased its stake in shares of HomeStreet by 9.1% in the 3rd quarter. Credit Suisse AG now owns 29,030 shares of the financial services provider’s stock valued at $836,000 after buying an additional 2,432 shares during the period. Finally, ExodusPoint Capital Management LP acquired a new stake in shares of HomeStreet in the 3rd quarter valued at $539,000. 83.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HMST has been the subject of several research reports. Keefe, Bruyette & Woods cut HomeStreet from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $38.00 to $29.00 in a research note on Tuesday, January 31st. Piper Sandler raised HomeStreet from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $24.00 to $28.00 in a research note on Wednesday, February 1st. Finally, StockNews.com raised HomeStreet from a “sell” rating to a “hold” rating in a research note on Wednesday, March 1st. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $36.00.

HomeStreet Stock Down 1.7 %

NASDAQ:HMST opened at $24.47 on Tuesday. HomeStreet, Inc. has a 1 year low of $22.44 and a 1 year high of $52.38. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 2.21. The stock has a market cap of $458.08 million, a price-to-earnings ratio of 7.03 and a beta of 0.99. The stock has a 50-day moving average price of $27.55 and a two-hundred day moving average price of $28.86.

HomeStreet (NASDAQ:HMST – Get Rating) last posted its earnings results on Friday, January 27th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.77 by ($0.32). HomeStreet had a net margin of 18.68% and a return on equity of 11.59%. The business had revenue of $65.36 million during the quarter, compared to analyst estimates of $69.40 million. As a group, equities analysts expect that HomeStreet, Inc. will post 2.39 earnings per share for the current year.

HomeStreet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 22nd. Shareholders of record on Wednesday, February 8th were paid a $0.35 dividend. The ex-dividend date of this dividend was Tuesday, February 7th. This represents a $1.40 dividend on an annualized basis and a yield of 5.72%. HomeStreet’s payout ratio is 40.23%.

About HomeStreet

(Get Rating)

HomeStreet, Inc is a holding company, which engages in the provision of commercial and consumer banking and real estate lending services. It operates through the Commercial and Consumer Banking. The Commercial and Consumer Banking segment offers diversified financial products and services to its commercial and consumer customers through bank branches, and through automated teller machines (ATMs), online, mobile and telephone banking.