Endeavour Capital Advisors Inc. Sells 23,900 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Endeavour Capital Advisors Inc. trimmed its holdings in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 3.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 723,747 shares of the financial services provider's stock after selling 23,900 shares during the quarter. HomeStreet accounts for about 2.6% of Endeavour Capital Advisors Inc.'s portfolio, making the stock its 15th largest position. Endeavour Capital Advisors Inc. owned 3.84% of HomeStreet worth $8,265,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of HomeStreet in the 3rd quarter valued at about $2,633,000. Philadelphia Financial Management of San Francisco LLC boosted its holdings in HomeStreet by 4.6% in the third quarter. Philadelphia Financial Management of San Francisco LLC now owns 1,562,434 shares of the financial services provider's stock valued at $24,624,000 after acquiring an additional 68,855 shares during the last quarter. State Street Corp boosted 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 acquiring an additional 1,083 shares during the last quarter. Wellington Management Group LLP increased its position in HomeStreet by 494.0% during the 3rd 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. Finally, Jane Street Group LLC raised its holdings in HomeStreet by 20.2% during the 3rd quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider's stock worth $639,000 after purchasing an additional 6,810 shares during the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Trading Down 1.9 %

Shares of NASDAQ:HMST traded down $0.22 during mid-day trading on Monday, hitting $11.14. The company had a trading volume of 113,914 shares, compared to its average volume of 162,061. The company has a market capitalization of $210.69 million, a PE ratio of -1.45 and a beta of 1.33. HomeStreet, Inc. has a one year low of $8.09 and a one year high of $16.10. The firm has a fifty day moving average price of $9.91 and a 200 day moving average price of $11.40. The company has a debt-to-equity ratio of 3.09, a current ratio of 1.02 and a quick ratio of 1.02.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its quarterly earnings results on Monday, January 27th. The financial services provider reported ($0.27) earnings per share 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%. As a group, research analysts forecast that HomeStreet, Inc. will post 0.3 EPS for the current year.

Analysts Set New Price Targets

HMST has been the topic of a number of analyst reports. Wedbush upped their price objective on shares of HomeStreet from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Thursday, December 19th. Janney Montgomery Scott raised shares of HomeStreet from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 1st. Finally, Piper Sandler lifted their price objective on HomeStreet from $10.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. One equities 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $14.25.

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.