HomeStreet, Inc. (NASDAQ:HMST) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC reduced its position in HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 44.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,750 shares of the financial services provider's stock after selling 93,173 shares during the quarter. AQR Capital Management LLC owned about 0.63% of HomeStreet worth $1,354,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of HomeStreet by 23.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock valued at $164,000 after acquiring an additional 2,703 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of 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 period. Price T Rowe Associates Inc. MD lifted its holdings in shares of HomeStreet by 10.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 14,446 shares of the financial services provider's stock worth $218,000 after purchasing an additional 1,354 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HomeStreet by 4.7% during the second quarter. Dimensional Fund Advisors LP now owns 640,296 shares of the financial services provider's stock worth $7,299,000 after purchasing an additional 28,874 shares during the period. Finally, CCG Wealth Management LLC lifted its holdings in shares of HomeStreet by 29.3% during the first quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider's stock worth $3,458,000 after purchasing an additional 52,136 shares during the period. 74.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, Director Paulette Lemon sold 2,401 shares of HomeStreet stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $15.59, for a total transaction of $37,431.59. Following the completion of the sale, the director now owns 16,923 shares in the company, valued at approximately $263,829.57. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 4.60% of the company's stock.

HomeStreet Stock Performance

Shares of HMST stock traded up $0.20 during mid-day trading on Friday, reaching $15.29. The stock had a trading volume of 39,228 shares, compared to its average volume of 195,632. HomeStreet, Inc. has a 12-month low of $4.20 and a 12-month high of $16.10. The business has a 50-day simple moving average of $15.04 and a 200 day simple moving average of $12.83. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 4.06.

HomeStreet (NASDAQ:HMST - Get Free Report) last announced its quarterly earnings results on Monday, July 29th. The financial services provider reported ($0.23) earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $114.35 million during the quarter, compared to analysts' expectations of $43.33 million. Research analysts expect that HomeStreet, Inc. will post -0.87 EPS for the current year.

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.