Charles Schwab Investment Management Inc. Sells 126,433 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Charles Schwab Investment Management Inc. trimmed its position in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 23.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 412,617 shares of the financial services provider's stock after selling 126,433 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.19% of HomeStreet worth $6,503,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of HMST. Dimensional Fund Advisors LP raised its position in HomeStreet by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider's stock worth $7,299,000 after purchasing an additional 28,874 shares in the last quarter. Stieven Capital Advisors L.P. acquired a new stake in shares of HomeStreet in the third quarter valued at approximately $5,358,000. Mendon Capital Advisors Corp boosted its stake in HomeStreet by 21.0% in the second quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider's stock valued at $4,138,000 after acquiring an additional 63,000 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock valued at $164,000 after acquiring an additional 2,703 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in HomeStreet by 4.6% in the second quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider's stock valued at $809,000 after acquiring an additional 3,113 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HMST has been the topic of a number of recent analyst reports. Wedbush raised shares of HomeStreet from a "neutral" rating to an "outperform" rating and set a $12.00 price target on the stock in a research report on Tuesday, November 5th. Janney Montgomery Scott lowered shares of HomeStreet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Finally, StockNews.com initiated coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They set a "sell" rating on the stock.

Insider Buying and Selling

In related news, Director Joanne R. Harrell acquired 2,146 shares of the company's stock in a transaction on Tuesday, November 26th. The shares were acquired at an average cost of $11.65 per share, for a total transaction of $25,000.90. Following the purchase, the director now owns 17,053 shares in the company, valued at approximately $198,667.45. The trade was a 14.40 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John Michel sold 8,000 shares of the firm's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.26, for a total value of $90,080.00. Following the transaction, the chief financial officer now owns 28,409 shares in the company, valued at approximately $319,885.34. This trade represents a 21.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.60% of the stock is owned by company insiders.

HomeStreet Trading Down 2.2 %

Shares of HMST stock traded down $0.26 during trading hours on Thursday, hitting $11.46. 101,142 shares of the company were exchanged, compared to its average volume of 195,619. The firm has a market cap of $216.11 million, a P/E ratio of -8.88 and a beta of 1.49. HomeStreet, Inc. has a fifty-two week low of $7.25 and a fifty-two week high of $16.10. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. The company has a 50 day simple moving average of $12.56 and a two-hundred day simple moving average of $12.85.

About HomeStreet

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.