Mendon Capital Advisors Corp Has $4.14 Million Stock Holdings in HomeStreet, Inc. (NASDAQ:HMST)

Mendon Capital Advisors Corp lifted its holdings in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 21.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 363,000 shares of the financial services provider's stock after buying an additional 63,000 shares during the quarter. HomeStreet comprises 3.5% of Mendon Capital Advisors Corp's portfolio, making the stock its 9th biggest holding. Mendon Capital Advisors Corp owned about 1.92% of HomeStreet worth $4,138,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC bought a new stake in shares of HomeStreet during the second quarter worth $122,000. EMC Capital Management grew its position in shares of HomeStreet by 16.2% during the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock worth $130,000 after buying an additional 1,201 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of HomeStreet by 23.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock worth $164,000 after buying an additional 2,703 shares during the last quarter. Neuberger Berman Group LLC acquired a new position in HomeStreet in the fourth quarter valued at approximately $170,000. Finally, Price T Rowe Associates Inc. MD boosted its stake 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 acquiring an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Janney Montgomery Scott upgraded shares of HomeStreet from a "neutral" rating to a "buy" rating and set a $13.50 target price for the company in a research report on Thursday, June 20th. StockNews.com assumed coverage on HomeStreet in a report on Sunday, September 22nd. They issued a "sell" rating for the company. Finally, Keefe, Bruyette & Woods raised their target price on HomeStreet from $13.50 to $14.50 and gave the stock a "market perform" rating in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $12.25.

HomeStreet Trading Down 1.7 %

Shares of HMST stock traded down $0.27 on Wednesday, hitting $15.23. The stock had a trading volume of 77,795 shares, compared to its average volume of 201,546. HomeStreet, Inc. has a twelve month low of $4.20 and a twelve month high of $16.10. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06. The firm has a market cap of $287.21 million, a P/E ratio of -7.06 and a beta of 1.37. The company has a fifty day moving average price of $14.88 and a two-hundred day moving average price of $12.79.

HomeStreet (NASDAQ:HMST - Get Free Report) last released its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.24) by $0.01. HomeStreet had a negative net margin of 3.30% and a negative return on equity of 1.87%. The company had revenue of $114.35 million during the quarter, compared to analysts' expectations of $43.33 million. As a group, analysts forecast that HomeStreet, Inc. will post -0.87 earnings per share for the current fiscal year.

Insider Activity at HomeStreet

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

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.