HomeStreet, Inc. (NASDAQ:HMST) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC decreased its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 17.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 300,000 shares of the financial services provider's stock after selling 63,000 shares during the quarter. Curi RMB Capital LLC owned approximately 1.59% of HomeStreet worth $4,728,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in HMST. Price T Rowe Associates Inc. MD raised its holdings in HomeStreet by 10.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider's stock valued at $218,000 after buying an additional 1,354 shares during the last quarter. Kennedy Capital Management LLC purchased a new position in HomeStreet in the first quarter valued at about $3,720,000. EMC Capital Management boosted its position in HomeStreet by 16.2% during the first quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock worth $130,000 after purchasing an additional 1,201 shares during the period. Bank of New York Mellon Corp grew its position in shares of 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 purchasing an additional 3,113 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of HomeStreet by 4.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider's stock valued at $7,299,000 after purchasing an additional 28,874 shares in the last quarter. 74.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HomeStreet

In other news, Director Paulette Lemon sold 2,401 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $15.59, for a total transaction of $37,431.59. Following the sale, the director now owns 16,923 shares in the company, valued at $263,829.57. This trade represents a 12.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 4.60% of the company's stock.

Analyst Upgrades and Downgrades

HMST has been the subject of a number of recent research reports. Janney Montgomery Scott lowered HomeStreet from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on HomeStreet from $13.50 to $14.50 and gave the company a "market perform" rating in a research note on Tuesday, July 30th. Wedbush upgraded HomeStreet from a "neutral" rating to an "outperform" rating and set a $12.00 price objective for the company in a research note on Tuesday, November 5th. Finally, StockNews.com began coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They set a "sell" rating for the company.

HomeStreet Price Performance

Shares of HomeStreet stock traded down $0.19 on Friday, hitting $11.43. The company's stock had a trading volume of 121,354 shares, compared to its average volume of 197,924. HomeStreet, Inc. has a 1 year low of $5.98 and a 1 year high of $16.10. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.14 and a current ratio of 1.15. The company has a market capitalization of $215.57 million, a price-to-earnings ratio of -8.79 and a beta of 1.42. The firm has a fifty day moving average price of $13.82 and a 200-day moving average price of $12.68.

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.