Fourthstone LLC Takes $2.03 Million Position in HomeStreet, Inc. (NASDAQ:HMST)

Fourthstone LLC purchased a new stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 178,000 shares of the financial services provider's stock, valued at approximately $2,033,000. Fourthstone LLC owned approximately 0.94% of HomeStreet at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in HMST. Russell Investments Group Ltd. raised its stake in shares of HomeStreet by 66.1% during the 4th quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider's stock worth $36,000 after buying an additional 1,266 shares in the last quarter. Assetmark Inc. acquired a new position in HomeStreet in the 4th quarter valued at about $40,000. EMC Capital Management lifted its holdings in HomeStreet by 20.8% in the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 1,484 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of HomeStreet by 27.5% during the 4th quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider's stock worth $124,000 after purchasing an additional 2,339 shares during the last quarter. Finally, Sei Investments Co. purchased a new stake in shares of HomeStreet during the fourth quarter worth about $131,000. 74.71% of the stock is owned by institutional investors and hedge funds.

HomeStreet Trading Up 0.1 %

Shares of HMST traded up $0.01 during trading hours on Friday, hitting $10.90. The stock had a trading volume of 69,284 shares, compared to its average volume of 163,404. The firm has a market cap of $206.24 million, a P/E ratio of -1.42 and a beta of 1.33. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The company has a debt-to-equity ratio of 3.09, a quick ratio of 1.02 and a current ratio of 1.02. The company's fifty day simple moving average is $10.07 and its 200 day simple moving average is $11.11.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its 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%. Equities research analysts forecast that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on HMST shares. Piper Sandler raised their target price on shares of HomeStreet from $10.00 to $14.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. Janney Montgomery Scott upgraded HomeStreet from a "neutral" rating to a "buy" 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $14.25.

HomeStreet 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.