Trexquant Investment LP Buys 34,710 Shares of HomeStreet, Inc. (NASDAQ:HMST)

Trexquant Investment LP boosted its holdings in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 167.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,488 shares of the financial services provider's stock after buying an additional 34,710 shares during the quarter. Trexquant Investment LP owned 0.29% of HomeStreet worth $634,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HMST. State Street Corp raised its position in shares of HomeStreet by 0.3% during the third quarter. State Street Corp now owns 422,031 shares of the financial services provider's stock worth $6,651,000 after purchasing an additional 1,083 shares during the period. EMC Capital Management lifted its stake in HomeStreet by 20.8% during the fourth quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock valued at $98,000 after buying an additional 1,484 shares in the last quarter. Assetmark Inc. acquired a new position in shares of HomeStreet in the fourth quarter worth about $40,000. Acuitas Investments LLC increased its position in shares of HomeStreet by 1.1% in the fourth quarter. Acuitas Investments LLC now owns 336,308 shares of the financial services provider's stock worth $3,841,000 after acquiring an additional 3,619 shares in the last quarter. Finally, Jane Street Group LLC raised its holdings in shares of HomeStreet by 20.2% during the third quarter. Jane Street Group LLC now owns 40,572 shares of the financial services provider's stock valued at $639,000 after acquiring an additional 6,810 shares during the period. Institutional investors own 74.71% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Wedbush lifted their price objective on shares of HomeStreet from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Thursday, December 19th. Piper Sandler upped their price target on HomeStreet from $10.00 to $14.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Finally, Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $14.25.

HomeStreet Stock Down 1.1 %

Shares of HMST traded down $0.12 during midday trading on Thursday, reaching $10.77. 17,144 shares of the stock were exchanged, compared to its average volume of 161,875. The company has a market cap of $203.78 million, a price-to-earnings ratio of -1.41 and a beta of 1.33. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.09. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The firm has a 50 day simple moving average of $10.05 and a 200-day simple moving average of $11.20.

HomeStreet (NASDAQ:HMST - Get Free Report) last issued its quarterly earnings data 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%. Research analysts forecast 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.