Wellington Management Group LLP Grows Stock Position in HomeStreet, Inc. (NASDAQ:HMST)

Wellington Management Group LLP raised its position in shares of HomeStreet, Inc. (NASDAQ:HMST - Free Report) by 494.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 670,926 shares of the financial services provider's stock after acquiring an additional 557,977 shares during the quarter. Wellington Management Group LLP owned approximately 3.56% of HomeStreet worth $10,574,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp boosted its position in HomeStreet by 0.3% during the third quarter. State Street Corp now owns 422,031 shares of the financial services provider's stock worth $6,651,000 after acquiring an additional 1,083 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in HomeStreet by 10.3% in 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 in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of HomeStreet by 23.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,350 shares of the financial services provider's stock worth $164,000 after purchasing an additional 2,703 shares during the last quarter. Bank of New York Mellon Corp grew its position 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 purchasing an additional 3,113 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of HomeStreet in the second quarter valued at approximately $122,000. Hedge funds and other institutional investors own 74.71% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at HomeStreet

In other HomeStreet news, EVP Godfrey B. Evans sold 4,636 shares of the business's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $11.55, for a total transaction of $53,545.80. Following the sale, the executive vice president now directly owns 67,049 shares in the company, valued at $774,415.95. This represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joanne R. Harrell acquired 2,146 shares of the stock in a transaction dated Tuesday, November 26th. The stock was acquired at an average cost of $11.65 per share, with a total value of $25,000.90. Following the purchase, the director now owns 17,053 shares of the company's stock, valued at approximately $198,667.45. This trade represents a 14.40 % increase in their position. The disclosure for this purchase can be found here. 4.60% of the stock is currently owned by corporate insiders.

HomeStreet Trading Up 1.4 %

NASDAQ:HMST traded up $0.16 on Monday, reaching $11.51. The company's stock had a trading volume of 110,016 shares, compared to its average volume of 195,119. HomeStreet, Inc. has a 12-month low of $8.09 and a 12-month high of $16.10. The stock has a 50 day moving average price of $12.33 and a 200 day moving average price of $12.93. The firm has a market cap of $217.06 million, a price-to-earnings ratio of -8.85 and a beta of 1.49. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 3.94.

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.