167,100 Shares in HomeStreet, Inc. (NASDAQ:HMST) Bought by Hotchkis & Wiley Capital Management LLC

Hotchkis & Wiley Capital Management LLC purchased a new stake in HomeStreet, Inc. (NASDAQ:HMST - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 167,100 shares of the financial services provider's stock, valued at approximately $2,633,000. Hotchkis & Wiley Capital Management LLC owned 0.89% of HomeStreet as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Endeavour Capital Advisors Inc. grew its stake in shares of HomeStreet by 113.6% in the second quarter. Endeavour Capital Advisors Inc. now owns 706,253 shares of the financial services provider's stock valued at $8,051,000 after acquiring an additional 375,581 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 worth $7,299,000 after acquiring an additional 28,874 shares during the period. Mendon Capital Advisors Corp boosted its position in shares of HomeStreet by 21.0% during the 2nd quarter. Mendon Capital Advisors Corp now owns 363,000 shares of the financial services provider's stock worth $4,138,000 after acquiring an additional 63,000 shares in the last quarter. Stieven Capital Advisors L.P. acquired a new stake in shares of HomeStreet during the 3rd quarter worth approximately $5,358,000. Finally, Bank of New York Mellon Corp increased 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 and hedge funds.

Insiders Place Their Bets

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Janney Montgomery Scott downgraded HomeStreet from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. Wedbush raised HomeStreet from a "neutral" rating to an "outperform" rating and set a $12.00 target price for the company in a research note on Tuesday, November 5th. Finally, StockNews.com assumed coverage on shares of HomeStreet in a research note on Sunday, September 22nd. They issued a "sell" rating on the stock.

HomeStreet Price Performance

Shares of HMST traded down $0.14 during trading hours on Friday, reaching $11.62. The stock had a trading volume of 77,770 shares, compared to its average volume of 183,110. The company has a debt-to-equity ratio of 3.94, a quick ratio of 1.15 and a current ratio of 1.15. HomeStreet, Inc. has a 12 month low of $7.20 and a 12 month high of $16.10. The stock has a market capitalization of $219.15 million, a PE ratio of -8.94 and a beta of 1.49. The company's 50-day moving average is $12.79 and its two-hundred day moving average is $12.81.

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.