10,342 Shares in HomeStreet, Inc. (NASDAQ:HMST) Purchased by Oxford Asset Management LLP

Oxford Asset Management LLP acquired a new stake in HomeStreet, Inc. (NASDAQ:HMST) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,342 shares of the financial services provider’s stock, valued at approximately $118,000. Oxford Asset Management LLP owned approximately 0.05% of HomeStreet at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in HMST. Russell Investments Group Ltd. boosted its holdings in HomeStreet by 66.1% in the 4th quarter. Russell Investments Group Ltd. now owns 3,181 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,266 shares in the last quarter. Assetmark Inc. purchased a new stake in HomeStreet in the 4th quarter valued at approximately $40,000. EMC Capital Management lifted its position in shares of HomeStreet by 20.8% during the 4th quarter. EMC Capital Management now owns 8,613 shares of the financial services provider’s stock valued at $98,000 after acquiring an additional 1,484 shares during the period. Wells Fargo & Company MN grew its holdings in shares of HomeStreet by 27.5% in the 4th quarter. Wells Fargo & Company MN now owns 10,852 shares of the financial services provider’s stock worth $124,000 after acquiring an additional 2,339 shares during the period. Finally, Sei Investments Co. purchased a new position in HomeStreet in the 4th quarter valued at approximately $131,000. Hedge funds and other institutional investors own 74.71% of the company’s stock.

HomeStreet Stock Down 0.6 %

HMST opened at $11.10 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 3.09. The firm has a market cap of $210.02 million, a P/E ratio of -1.45 and a beta of 1.33. HomeStreet, Inc. has a 52 week low of $8.09 and a 52 week high of $16.10. The business’s fifty day simple moving average is $10.17 and its 200 day simple moving average is $10.91.

HomeStreet (NASDAQ:HMST) last posted its quarterly earnings data on Monday, January 27th. The financial services provider reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). HomeStreet had a negative net margin of 40.30% and a negative return on equity of 4.23%. As a group, equities research analysts anticipate that HomeStreet, Inc. will post 0.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HMST. Janney Montgomery Scott raised HomeStreet from a “neutral” rating to a “buy” rating in a report on Tuesday, April 1st. Piper Sandler upped their target price on HomeStreet from $10.00 to $14.00 and gave the company a “neutral” rating in a report on Tuesday, April 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $14.25.

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.