Renaissance Technologies LLC Has $160,000 Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

Renaissance Technologies LLC trimmed its stake in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 70.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,000 shares of the financial services provider's stock after selling 33,100 shares during the period. Renaissance Technologies LLC owned about 0.07% of HomeStreet worth $160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of 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 during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of HomeStreet by 10.3% during the 1st 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 last quarter. Dimensional Fund Advisors LP grew its stake in HomeStreet by 4.7% in 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. CCG Wealth Management LLC grew its stake in HomeStreet by 29.3% in the 1st quarter. CCG Wealth Management LLC now owns 229,781 shares of the financial services provider's stock worth $3,458,000 after acquiring an additional 52,136 shares during the period. Finally, EMC Capital Management grew its stake in HomeStreet by 16.2% in the 1st quarter. EMC Capital Management now owns 8,613 shares of the financial services provider's stock worth $130,000 after acquiring an additional 1,201 shares during the period. 74.71% of the stock is currently owned by institutional investors and hedge funds.

HomeStreet Stock Performance

HMST traded down $0.23 on Monday, hitting $15.06. 46,285 shares of the company's stock were exchanged, compared to its average volume of 194,880. 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 $284.00 million, a PE ratio of -7.07 and a beta of 1.37. The stock has a fifty day moving average of $15.10 and a two-hundred day moving average of $12.79.

HomeStreet (NASDAQ:HMST - Get Free Report) last posted its 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 net margin of 3.30% and a negative return on equity of 1.87%. The firm had revenue of $114.35 million during the quarter, compared to analysts' expectations of $43.33 million. On average, research analysts anticipate that HomeStreet, Inc. will post -0.87 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HMST. Keefe, Bruyette & Woods boosted their price objective on shares of HomeStreet from $13.50 to $14.50 and gave the company a "market perform" rating in a research note on Tuesday, July 30th. StockNews.com initiated coverage on shares of HomeStreet in a research report on Sunday, September 22nd. They set a "sell" rating for the company. Finally, Janney Montgomery Scott raised shares of HomeStreet from a "neutral" rating to a "buy" rating and set a $13.50 price target for the company in a research report on Thursday, June 20th. One investment 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 MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $12.25.

Insider Activity

In other news, Director Paulette Lemon sold 2,401 shares of the stock in a transaction that occurred 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 directly owns 16,923 shares in the company, valued at $263,829.57. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.60% of the company's stock.

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.