Arrowstreet Capital Limited Partnership boosted its position in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 89.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 67,711 shares of the financial services provider's stock after acquiring an additional 31,895 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.36% of HomeStreet worth $773,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. State Street Corp increased its holdings in HomeStreet by 0.3% in the 3rd quarter. State Street Corp now owns 422,031 shares of the financial services provider's stock worth $6,651,000 after buying an additional 1,083 shares during the period. Wellington Management Group LLP boosted its stake in shares of HomeStreet by 494.0% in the third quarter. Wellington Management Group LLP now owns 670,926 shares of the financial services provider's stock worth $10,574,000 after buying an additional 557,977 shares during the last quarter. Jane Street Group LLC grew its holdings in HomeStreet by 20.2% during the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider's stock worth $639,000 after acquiring an additional 6,810 shares during the period. Barclays PLC lifted its holdings in HomeStreet by 276.4% in the third quarter. Barclays PLC now owns 23,937 shares of the financial services provider's stock valued at $377,000 after acquiring an additional 17,578 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of HomeStreet by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider's stock worth $6,717,000 after purchasing an additional 7,898 shares during the period. Hedge funds and other institutional investors own 74.71% of the company's stock.
HomeStreet Trading Down 1.2 %
HomeStreet stock traded down $0.14 during mid-day trading on Thursday, hitting $10.76. The company's stock had a trading volume of 14,262 shares, compared to its average volume of 161,871. The firm has a market capitalization of $203.50 million, a PE ratio of -1.40 and a beta of 1.33. 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 1 year low of $8.09 and a 1 year high of $16.10. The stock's fifty day moving average is $10.05 and its two-hundred day moving average is $11.20.
HomeStreet (NASDAQ:HMST - Get Free Report) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) earnings per share (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%. On average, analysts anticipate that HomeStreet, Inc. will post 0.3 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently issued reports on HMST. Wedbush increased their price target on shares of HomeStreet from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th. Piper Sandler increased their price objective on HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research note on Tuesday, April 1st. Finally, Janney Montgomery Scott upgraded HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $14.25.
Get Our Latest Analysis on HomeStreet
About HomeStreet
(
Free Report)
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.
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