Alliancebernstein L.P. Decreases Stock Holdings in HomeStreet, Inc. (NASDAQ:HMST)

Alliancebernstein L.P. lessened its stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 33.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 202,259 shares of the financial services provider's stock after selling 102,093 shares during the quarter. Alliancebernstein L.P. owned approximately 1.07% of HomeStreet worth $2,310,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the company. Assetmark Inc. bought a new position in shares of HomeStreet during the fourth quarter valued at about $40,000. EMC Capital Management raised its holdings in HomeStreet by 20.8% in the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock worth $98,000 after purchasing an additional 1,484 shares in the last quarter. Sei Investments Co. purchased a new stake in HomeStreet in the fourth quarter worth about $131,000. Proficio Capital Partners LLC bought a new stake in shares of HomeStreet during the fourth quarter valued at approximately $214,000. Finally, JPMorgan Chase & Co. boosted its stake in HomeStreet by 113.0% during the third quarter. JPMorgan Chase & Co. now owns 23,814 shares of the financial services provider's stock worth $375,000 after acquiring an additional 12,632 shares in the last quarter. Hedge funds and other institutional investors own 74.71% of the company's stock.

Analyst Upgrades and Downgrades

HMST has been the topic of a number of recent analyst reports. Janney Montgomery Scott upgraded shares of HomeStreet from a "neutral" rating to a "buy" rating in a report on Tuesday, April 1st. Piper Sandler upped their price objective on HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $14.25.

HomeStreet Stock Performance

NASDAQ HMST traded up $0.01 on Friday, reaching $10.90. 69,284 shares of the stock were exchanged, compared to its average volume of 163,404. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09. HomeStreet, Inc. has a one year low of $8.09 and a one year high of $16.10. The firm has a market capitalization of $206.24 million, a PE ratio of -1.42 and a beta of 1.33. The company's 50-day simple moving average is $10.07 and its two-hundred day simple moving average is $11.11.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.05). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. Analysts expect that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

HomeStreet 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.