Endeavour Capital Advisors Inc. Has $8.05 Million Stake in HomeStreet, Inc. (NASDAQ:HMST)

Endeavour Capital Advisors Inc. lifted its stake in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 113.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 706,253 shares of the financial services provider's stock after acquiring an additional 375,581 shares during the period. HomeStreet accounts for approximately 2.8% of Endeavour Capital Advisors Inc.'s portfolio, making the stock its 16th biggest holding. Endeavour Capital Advisors Inc. owned 3.75% of HomeStreet worth $8,051,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HMST. Charles Schwab Investment Management Inc. raised its position in shares of HomeStreet by 27.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 586,929 shares of the financial services provider's stock worth $6,045,000 after buying an additional 127,969 shares during the period. Neuberger Berman Group LLC acquired a new position in shares of HomeStreet in the 4th quarter valued at about $170,000. BNP Paribas Financial Markets grew its holdings in shares of HomeStreet by 33.1% during the 4th quarter. BNP Paribas Financial Markets now owns 53,585 shares of the financial services provider's stock worth $552,000 after purchasing an additional 13,314 shares during the period. Bank of New York Mellon Corp increased its position in HomeStreet by 4.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 70,950 shares of the financial services provider's stock worth $809,000 after purchasing an additional 3,113 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in HomeStreet by 10.3% in the first 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 period. Institutional investors and hedge funds own 74.71% of the company's stock.

Insider Activity at HomeStreet

In other HomeStreet news, Director Paulette Lemon sold 2,401 shares of the firm's stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $15.59, for a total transaction of $37,431.59. Following the completion of the transaction, the director now owns 16,923 shares in the company, valued at $263,829.57. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.60% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HMST. StockNews.com began coverage on shares of HomeStreet in a research report on Sunday. They set a "sell" rating for the company. Keefe, Bruyette & Woods upped their price objective on HomeStreet from $13.50 to $14.50 and gave the company a "market perform" rating in a research note on Tuesday, July 30th. Finally, Janney Montgomery Scott raised HomeStreet from a "neutral" rating to a "buy" rating and set a $13.50 price objective for the company in a report on Thursday, June 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $12.25.

HomeStreet Stock Performance

NASDAQ:HMST traded up $0.36 during midday trading on Thursday, reaching $15.07. The stock had a trading volume of 42,320 shares, compared to its average volume of 204,495. The stock has a market capitalization of $284.19 million, a P/E ratio of -7.08 and a beta of 1.37. The company has a debt-to-equity ratio of 4.06, a current ratio of 1.14 and a quick ratio of 1.14. HomeStreet, Inc. has a 1-year low of $4.20 and a 1-year high of $16.10. The firm's fifty day simple moving average is $14.75 and its 200-day simple moving average is $12.81.

HomeStreet (NASDAQ:HMST - Get Free Report) last issued its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.24) by $0.01. HomeStreet had a negative return on equity of 1.87% and a negative net margin of 3.30%. The company had revenue of $114.35 million for the quarter, compared to the consensus estimate of $43.33 million. On average, equities research analysts forecast that HomeStreet, Inc. will post -0.87 EPS for the current fiscal 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.