Charles Schwab Investment Management Inc. Cuts Position in HomeStreet, Inc. (NASDAQ:HMST)

Charles Schwab Investment Management Inc. trimmed its holdings in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 31.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 282,150 shares of the financial services provider's stock after selling 130,467 shares during the period. Charles Schwab Investment Management Inc. owned 1.50% of HomeStreet worth $3,222,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Philadelphia Financial Management of San Francisco LLC lifted its position in HomeStreet by 4.6% during the 3rd quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider's stock worth $24,624,000 after acquiring an additional 68,855 shares during the period. Wellington Management Group LLP lifted 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 valued at $10,574,000 after purchasing an additional 557,977 shares during the period. Geode Capital Management LLC boosted its holdings in HomeStreet by 1.9% during the third quarter. Geode Capital Management LLC now owns 426,130 shares of the financial services provider's stock worth $6,717,000 after buying an additional 7,898 shares in the last quarter. State Street Corp increased its holdings in HomeStreet by 0.3% in the third quarter. State Street Corp now owns 422,031 shares of the financial services provider's stock valued at $6,651,000 after buying an additional 1,083 shares in the last quarter. Finally, Acuitas Investments LLC lifted its position in shares of HomeStreet by 1.1% during the 4th quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider's stock valued at $3,841,000 after acquiring an additional 3,619 shares during the period. Institutional investors and hedge funds own 74.71% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Wedbush upped their price target on HomeStreet from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Thursday, December 19th.

HomeStreet Price Performance

Shares of HMST stock traded up $2.44 during trading hours on Monday, hitting $11.74. The company's stock had a trading volume of 2,509,509 shares, compared to its average volume of 155,762. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 3.09. The business has a fifty day moving average of $9.81 and a 200-day moving average of $11.50. HomeStreet, Inc. has a twelve month low of $8.09 and a twelve month high of $16.10. The stock has a market cap of $222.13 million, a price-to-earnings ratio of -1.53 and a beta of 1.45.

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

HomeStreet Company 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.